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Don't Expect a Recession in 2018, Jim Cramer Says

Too many CEOs are telling him that things look good.

Jim Cramer says he expects a "robust" U.S. economy next year, with no sign of a recession in sight.

"I'm still sanguine about the situation," Cramer said in his latest monthly conference call with members of his Action Alerts PLUS club for investors.

"What makes me so comfortable ... given what's going on in Washington and looking at the tape?" Cramer asked. "I think my confidence rests with my myriad interviews with CEOs, who express a willingness to embrace the moment as a good one -- aided by a president who doesn't get in the way of their success and abetted by cheap capital even as short rates march higher."

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This article was written by a staff member of TheStreet.