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NEW YORK ( TheStreet) -- "We always presumed that the U.S. was the world's engine of economic growth," Jim Cramer told a live studio audience during his "Mad Money" TV show Wednesday. "But now we're the caboose, lagging behind Latin America, India and of course, China." Cramer said he doesn't feel the U.S. is irrelevant, but when it comes to stocks, it's clear to see which countries are in the driver's seat. Take Intel ( INTC), a stock which Cramer owns for his charitable trust,
Becoming TransparentIn the "Executive Decision" segment, Cramer once again spoke with John Pinkerton, chairman and CEO of Range Resources ( RRC), a company which this week became the first natural gas producer to publicly release the chemical makeup of the fluids it uses in hydraulic fracturing in its oil shale wells. Pinkerton said Range Resources came to the conclusion that the firestorm that has been brewing over the perceived environmental impacts of hydraulic fracturing are really their fault for not properly educating the public. He said that 99.86% of the fluids used are simply water and sand, and he hopes the public disclosure will quash fears of toxic chemicals being pumped into the ground. "We need to get ahead of this and be transparent," continued Pinkerton. "We have to get the facts out," he said. For example, in Pennsylvania alone, he said, the decrease in gas prices from the oil shale wells has saved Pennsylvanians over $6 billion. When asked about the price of natural gas amidst a record heat wave in the Northeast, Pinkerton said that before the oil shale wells, the price of gas was volatile, but with the new wells, prices have even fallen during high demand, proving that the price is now very stable. Cramer continued his support for both Range Resources and the entire natural gas industry as a whole.
New Aerospace Cycle"The aerospace cycle is just taking off now," Cramer told viewers, as he highlighted the unlikely bull market in aerospace. Cramer said this sector was all but left for dead in recent years, as fewer travelers meant fewer planes and therefore less profits for all. But that's all changing, said Cramer, as Alcoa ( AA) noted in its conference call when it said that airlines had turned a corner, and were once again ordering new planes. Cramer said this new aerospace cycle could last for seven years, as is typical for new cycles. He said the natural way to play is with Boeing ( BA), whose new 787 Dreamliner is finally ramping into full production after years of delays and problems. Cramer said Boeing trades at just 13.4 times earnings, while historically the company should fetch as high as 25 times earnings as the cycle gets rolling. But Boeing is not the only play, he noted. Cramer also gave the nod to several parts suppliers to Boeing, companies like Goodrich ( GR), which makes landing gear, Rockwell Collins ( COL), with makes electronics, and Precision Castparts ( PCP), which now trades 18% off its recent highs. Cramer also noted Spirit Aerosystems ( SPR) and Hexcel ( HXL) are also names to consider, along with Textron ( TXT), whose Cessna franchise makes corporate jets.