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Jim Cramer doesn’t see a recession on the horizon, says recent conjecture “just doesn’t hold up under close scrutiny”
CNBC.com ^ | July 18, 2023 | Julie Coleman

Posted on 07/18/2023 4:22:56 PM PDT by bort

CNBC’s Jim Cramer told investors on Tuesday that he doesn’t think all the buzz about a recession being just around the corner holds much weight.

Looking at major earnings reports that have come out so far, Cramer said several players in key sectors — including homebuilding, banking, and travel and leisure — show that a recession might not be as inevitable as some may think.

“Those who cling to the notion that we’re about to enter recession must find all of these examples daunting, if not depressing,” Cramer said. “But earnings season has shown the recession thesis just doesn’t hold up under close scrutiny, even if so many so-called experts tell us otherwise.”

Cramer said homebuilders should have been hit hardest by the Federal Reserve’s tightening, but instead performed well due to the housing shortage. He then pointed to airlines, which he called part of a “roaring bull market,” as another indicator that the recession might not come. Cramer also noted that PepsiCo hasn’t seen a trade-down even as it has raised its prices.

“Suffice it to say, you’re not supposed to get this kind of action at this point in a rate hike cycle,” Cramer said. “When the Fed tightens, we expect it to crush the commerce and that just hasn’t really happened.”

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy
KEYWORDS: cramer; recession
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To: bort

We are screwed....we are so screwed!


41 posted on 07/18/2023 6:10:15 PM PDT by CFW (old and retired)
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To: Glad2bnuts

Whatever Cramer says, doing the opposite will probably continue to be the better choice.


42 posted on 07/18/2023 6:29:05 PM PDT by Grampa Dave (We have number of experts, stating B$ as fact, & they have no idea nor reality or solutions!!)
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To: SkyDancer
That’s because we’re in one.
43 posted on 07/18/2023 6:30:30 PM PDT by Grampa Dave (We have number of experts, stating B$ as fact, & they have no idea nor reality or solutions!!)
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To: bort

Cue theme music from “the Waltons.”


44 posted on 07/18/2023 6:34:11 PM PDT by Behind Liberal Lines
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To: bort

We are so screwed.

L


45 posted on 07/18/2023 6:36:00 PM PDT by Lurker ( Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: bort
This prediction virtually guarantees that a MAJOR recession is no the horizon.

Based on Kramer’s record, I’d agree.

46 posted on 07/18/2023 6:56:14 PM PDT by joesbucks (It’s called love-bombing. Claiming he’s saving the world. This is a cult. Just back away. )
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To: bort

Doc Ricketts paid five cents per frog in Cannery Row...


47 posted on 07/18/2023 7:02:56 PM PDT by sasquatch
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To: bort

Jim Cramer could not find his own junk if he had a map to it.


48 posted on 07/18/2023 7:19:03 PM PDT by isthisnickcool (1218 - NEVER FORGET!)
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To: Sir_Humphrey

“I am still waiting for that recession we were told would come this year.”

Just deflate the numbers to get “real” numbers and you will see the recession is right under your nose.


49 posted on 07/18/2023 7:25:11 PM PDT by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: bort

We are so screwed.


50 posted on 07/18/2023 7:26:10 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: isthisnickcool

Cramer reminds me of the old trial attorney joke:

“If you have the law on your side, use the law.

If you have the facts on your side, use the facts.

If you have neither the law nor the facts on your side, pound the table.”

Cramer is a table pounder and arm waver—laughable clown.


51 posted on 07/18/2023 7:27:20 PM PDT by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: Glad2bnuts

Call it the Costanza Trade, because George did well in life whenever he did the opposite.


52 posted on 07/18/2023 7:29:30 PM PDT by Tom Tetroxide
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To: bort

How this guy still has a job is beyond me..


53 posted on 07/18/2023 8:14:33 PM PDT by HamiltonJay
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To: bort

Darn, here comrs a really bad recession.


54 posted on 07/18/2023 8:17:46 PM PDT by If You Want It Fixed - Fix It ( )
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To: Glad2bnuts

https://www.crameretfs.com/sjim
reverse cramer etf


55 posted on 07/18/2023 8:18:30 PM PDT by rolling_stone
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To: bort

If I was standing outside,under a dark-cloudy sky with frog-choking rain pouring down and Jim Cramer said, “It’s raining,” I would put away my raincoat and umbrella!!


56 posted on 07/18/2023 9:15:52 PM PDT by ExTxMarine
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To: bort

Disney saw the recession coming months ago, and stared laying of thousands of workers in preparation. I think they know a little about economic forecasting.


57 posted on 07/18/2023 9:18:32 PM PDT by rottndog (What comes after America?)
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To: bort

The boy just doesn’t know what the word embarrassment means.


58 posted on 07/19/2023 3:24:07 AM PDT by jmaroneps37 (Freedom is never free. It must be won rewon and jealously guarded.)
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To: Bernard

I am seeing that complaint more and more these days.

But insurance companies seem to have plenty of cash to build sports venues! Maddening!


59 posted on 07/19/2023 6:15:11 AM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: Sir_Humphrey

If it happens it will be the most anticipated recession in history.

Meanwhile, the NAZ is up over 30% from its Oct 22 low.

Yeah, many will be disappointed.


60 posted on 07/19/2023 2:41:16 PM PDT by Jacquerie (ArticleVBlog.com)
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