"Most of the companies I've talked to, Mr. President, are saying [the slowdown] is because of your tariffs," Cramer said on "Cramer's reaction was toTrump has been a vocal critic of the Fed and its chairman,, whom he nominated, since central bankers raised interest rates four times last year. The president has repeatedly called for the Fed to cut rates.
That's a move that Wall Street thought New York Fed President John Williams was indicating Thursday, after he said the central bank needed to "act quickly" in times of economic distress. However, a spokesperson later said Williams was drawing from research,Even though Wall Street is considering a Fed cut to be almost certain later this month, it's Trump's tariffs that companies are remembering, Cramer said.
It's a time bomb, it will catch up. Enjoy Obama's contribution to the economy while it lasts.
Thanks Jim.
Maybe the economy would be better if we turn it all over to China. As long as businesses make their profits to Hell with our Nation.
Have you been to the grocery store lately jimcramer ? Try to a pair shoes? Prices are drastically up across the board. China is not paying, we are.
No one boycotts when a company blames Trump. Cramer should spend less time on meaningless comparisons.
It doesn't really matter now does it! US CO.s can keep beating eps est. like they have for the last 18 months, and wall street will keep ripping off investors with ZERO net investment growth, because they are frauds and like CNBC they are propagandists, not real business people
Okay
I doubt he speaks with many from the vast sea of small businesses thirsting for capital, yearning to expand. There can be only one reason why builders are not building... access to capital.
The FED has saved your arse yet some people will never be happy.
Well. That’s just bull$hit. You can’t praise the Fed when stocks go up and then blame tariffs when the Fed raised rates and stocks go down.
They should be complaining that USMCA isn’t through congress yet
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Source: CNBC - 🏆 12. / 72 Read more »