Jim Cramer Says The Ukraine-Russia Conflict Is Causing U.S. Problems

NEW YORK (TheStreet) -- Speculation abounds that interest rates could drop despite extremely strong U.S. data, and Jim Cramer brings up his three "black holes" in that regard: the Ukraine/Russia conflict, Japan and China.

Cramer calls Japan "a disaster" after the nation heavily increased taxes, but department store sales are down 10%; therefore, investors should keep an eye on Japan. He adds China could be decelerating more than anticipated, which also worries people.

But Cramer says the Ukraine/Russia conflict is causing the real problem. He believes rich Russian oligarchs are buying U.S. bonds, but more importantly he compares Russia's recent actions with Germany's in 1937 and 1939. Cramer says this sort of international tension will always cause problems.

Cramer is worried about all three of these issues because "every time we go up big, you're going to hear about them again."

Must Watch: Jim Cramer: Ukraine and Russia are Causing Us a Real Problem

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

EWJ Chart

EWJ data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

More from Markets

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists