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NEW YORK ( TheStreet) -- The future of the American economy isn't coming from Washington, D.C., it's coming from the cloud, Jim Cramer said on "Mad Money" Tuesday.
That was Cramer's takeaway from his time at the annual DreamForce conference in San Francisco yesterday. He said today that while the markets are seemingly held hostage by Obamacare, Federal Reserve tapering and the next government shutdown, companies at the other end of the country are embracing the cloud and are turning problems into solutions.
Cramer said he has no idea just how many companies were building on the Salesforce.com (CRM) platform to help businesses with everything from customer relations management to HR and payroll and beyond. The world is moving in real time, he said, and Salesforce is helping companies keep pace.That bodes well for not only Salesforce, said Cramer, but also for dozens of other companies embracing the cloud including Workday (WDAY - Get Report) and Veeva Systems (VEEV). Cloud companies do well not only in good times but also when the economy is shrinking because they help companies save money and streamline operations when they need it most. No wonder this sector continues to buck the trend and defy Washington -- they truly are the future of the American economy, said Cramer.