Jim Cramer says the economy is stabilizing and can avoid a recession

Jim Cramer says the economy is stabilizing and can avoid a recession


Jim Cramer says the economy is stabilizing and can avoid a recession

CNBC’s Jim Cramer on Thursday said that the economy could be on pace for a soft landing, despite what Wall Street bears might believe.

“It doesn’t have to be a recession. The economy just needs to stabilize at a lower level, which I think is already starting to happen. This is the winning hand that nobody playing the recession parlor game seems willing to acknowledge, even as I bet it’s become the most likely outcome,” he said.

Stocks rose on Thursday, snapping the S&P 500’s longest losing streak since October. Fears about the possibility of a recession have rocked the market, putting stocks on pace to end the week in negative territory.

Cramer argued that Wall Street has needlessly scared itself into believing a recession is coming due to bearish economic commentary from bank executives, misconceptions about food prices that have actually come down and a labor shortage that is steadily resolving.

“Basically, the [Federal Reserve] doesn’t have to bring the pain if we inflict the pain on ourselves, and I think that’s exactly what we’re doing,” he said.

He added that there are other indications that the economy is cooling down, including the chip glut facing tech companies due to waning PC demand. U.S. consumers also are spending less in general, leading retailers to deal with inventory gluts of their own and selling their products to off-price retailers.

“You can say these are all one-off. Go ahead, go dismiss me as anecdotal, not empirical. But to me, the writing’s already on the wall,” Cramer said.

Jim Cramer explains why he's not playing the recession prediction 'parlor game'

Jim Cramer’s Guide to Investing

Click here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and invest smarter.



Source

Newark air traffic controllers lost contact with planes again in overnight outage
Business

Newark air traffic controllers lost contact with planes again in overnight outage

A man stands outside Terminal C with the airport control tower in the background at Newark Liberty International Airport, on May 6, 2025 in Newark, New Jersey. Andres Kudacki | Getty Images Air traffic controllers who guide planes in and out of Newark Liberty International Airport lost radar and communication with aircraft before dawn on […]

Read More
ESPN will call its forthcoming flagship streaming app simply ‘ESPN,’ sources say
Business

ESPN will call its forthcoming flagship streaming app simply ‘ESPN,’ sources say

A general view of the ESPN logo on a camera at Simmons Bank Liberty Stadium in Memphis, Tennessee, on April 6, 2024. Wes Hale | UFL | Getty Images At long last, ESPN has chosen a name for its upcoming all-access streaming service. Ready? It’s “ESPN.” Disney’s sports media division will announce the new — […]

Read More
Something ‘striking’ is happening with apartment renters
Business

Something ‘striking’ is happening with apartment renters

Renting has its benefits. It’s usually cheaper than buying a home, and it offers the freedom of moving without much hassle. That’s why about half of apartment renters in large urban markets usually move when their leases expire. But that is not happening now. The low turnover is “striking,” according to real estate analyst Alex […]

Read More