Cramer: American consumers saving economy and keeping US bond yields from going negative
on Thursday said that if it weren't for the American consumer, U.S. bond yields would be negative like in many other nations around the world.
"If we were two-thirds industrial and one-third consumer, then we would have negative yields," Cramer said on "Consumer confidence has been strong over the past few months. From the April-to-June period, consumer spending helped, with personal consumption expenditures rising 4.3%. It was the best performance since the fourth quarter of 2017.
Aside from consumer spending, Cramer cited as confidence indicators the strong job market and the fact that "we are not an industrial economy." He said he's more "sanguine" than most people.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Cramer Remix: Tariffs will not send the US into recessionJim Cramer explains why the health of the US market is not entirely dependent on a deal with China.
Baca lebih lajut »
'You're being faked out' — Cramer says the US economy is better than the stock market reflects'It's very easy to take our cue from a false cue,' argues CNBC's Jim Cramer, warning investors not to move too quickly when markets are in turmoil.
Baca lebih lajut »
Cramer explains what must happen before the market can sustain a rallyIssues around currency, yields and earnings still have not been resolved, despite Tuesday's market bounce, Jim Cramer says
Baca lebih lajut »
Cramer: Don't break these rules if you want your stock portfolio to make moneyTraders violated every rule in the book during the market sell-off. 'I don't want you to repeat their mistakes,' Jim Cramer says.
Baca lebih lajut »
Japan's Suga: PM Abe and U.S. defense secretary didn't discuss U.S.-proposed maritime forceJapanese Prime Minister Shinzo Abe and U.S. Defense Secretary Mark Esper did not...
Baca lebih lajut »
US officials say top US diplomat for Latin America resignsWASHINGTON (AP) — The Trump administration's top diplomat for Latin America has resigned amid internal disputes over immigration policy for the region, U.S. officials said Wednesday. Two...
Baca lebih lajut »