Editor's note: The following is a recap of the RealMoney radio show that originally aired May 24 and which was rebroadcast on Monday, July 3.
"The Federal Reserve is conducting a scorched-earth policy to kill economic activity," Jim Cramer said on his
Healthy Cynicism?"As much as I tell you what I did see, let me tell you what I didn't see," said Cramer. He drew attention to the proliferation of press stories about executive compensation and how new revelations blindsided him. It seems that a number of public companies are being investigated by the Justice Department, he said, adding that it is a much more serious matter than being quizzed by the Securities and Exchange Commission.
Cramer's CallersThe first caller asked Cramer about whether to hold CB Richard Ellis Group ( CBG), the world's largest commercial real estate broker. Cramer recommended avoiding any stocks connected with the real estate market or the building blocks for the real estate market.