By Roberto PedoneWINDERMERE ( Stockpickr) -- According to Jim Cramer, America is the worst place to invest -- except for the rest of the world. On Wednesday's "Mad Money" TV show, Cramer told viewers to stop thinking so narrowly about investing in the U.S., because the U.S. may be bad, but it's not nearly the worst. Cramer pointed out that China has problems because investors are worried their economy is slowing down and that soon their asset bubble will burst. Even famed short-seller James Chanos is calling the country one of the greatest shorts on earth. Japan, Cramer said, is a no-growth economy that will stay no-growth. Australia has been strong, but it depends on China for exports, and India is fraught with hyper-inflation. Cramer said he doesn't see much opportunity in Mexico or the Middle East, either. He also mentioned he doesn't like Europe. He quoted a research report that compared the currencies of Indonesia in 2006, Argentina in 2000, Mexico in 1994 and Russia in 1999, all of which caused big market selloffs, to the euro of today, as Greece and others are strapped with gigantic debt problems. With all of this in mind, Cramer said that leaves investors with only one choice: the good ol' U.S. He explained that foreign investors are pouring money into our markets because they love the gridlock in Washington. They love that Obama wants to push health-care reform through, even if it means big losses for his own party. They love the potential of a pro-business Republican comeback that it all but guarantees come November. "The U.S. is the last man standing," Cramer said, "and while that's a crummy Bruce Willis movie, it's a great thesis for the next leg of the bull market." Recently, Cramer found opportunity in rig stocks, tech stocks and china-related stocks. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on CNBC and his RealMoney blog posts (these blog post require a RealMoney subscription). Cramer's Stocks-Obama-Hates ETF: Cramer thinks the market needs a "Stocks Obama Hates" ETF. In a March 3 blog post, he wrote: "We can go short it every time we know he is going to come on TV, which he does quite regularly. And then we cover and go long it when he's over, because he can't keep a stock down to save his life anymore." The Cramer's Stocks-Obama-Hates ETF portfolio includes Bank of America ( BAC) and Cigna ( CI).
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