On Thursday’s broadcast of NBC’s “Today,” CNBC “Mad Money” host Jim Cramer forecasted 2015 to be an improvement for the American economy, with the possibility of pitfalls abroad being the only thing to interfere.
“This is a year where the consumer is going to be flush,” Cramer said. “They are going to be flush because we could see $2 gasoline all over the country. By the way — phone bills coming down, too. That’s another unexpected benefit. We got tax cuts galore from telephone companies and oil companies.”
Cramer anticipated improvement in the job picture with construction being a force behind that improvement.
“There are a whole series, whole parts of the economy about to kick in this year,” he continued. “Housing. We were still in a recessionary level in 2014. Big construction projects will help. We are seeing a return to our power as an export nation because we are building so many things here. These are all engines for growth.”
As for what might slow the economy, the “Mad Money” host warned of foreign economies stumbling, which could upset U.S. exports.
“It’s not going to be in our country,” Cramer added. “We have to worry about China slowing down again. Really Europe has got to get it together. I don’t know if they can. Japan, a giant economy falling off the cliff. This matters because we’ve become a great export power. We need them to buy our stuff.
Follow Jeff Poor on Twitter @jeff_poor
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