Jim Cramer on the Current State of the Economy - TheStreet

Jim Cramer Explains the Current State of the Economy

Jim Cramer gives his views on the current state of the economy.
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Jim Cramer gives his views on the current state of the economy. "Jerome Powell doesn't care about overseas at all," Cramer says. "He cares about the U.S."

TheStreet's founder and Action Alerts Plus portfolio manager explains how as the Federal Reserve tightens policy, domestic stocks such as Clorox (CLX) - Get Report and Proctor and Gamble (PG) - Get Report will rise. But the banks and international stocks trend down.

Watch for Cramer's full thoughts and how this has had an effect on hiring at his recently opened restaurant, The Longshoreman.

You can also watch a replay of Cramer's NYSE live show on our YouTube channel. And be sure to tune in to his upcoming Action Alerts Plus members-only call on November 14. Trial the club here.