Jim Cramer Assesses Economy at Year’s End

1 00:00:00,020 --> 00:00:03,470 we're kicking off 2015 with a look at the year in politics health and the 2 00:00:03,470 --> 00:00:04,100 economy 3 00:00:04,100 --> 00:00:08,309 so what do we get started with Jim Cramer host at Mad Money on CNBC jam 4 00:00:08,309 --> 00:00:09,880 Happy New Year buddy see you 5 00:00:09,880 --> 00:00:13,969 before we look ahead let's look at 2014 2014 6 00:00:13,969 --> 00:00:17,039 I think the economy it sometimes get overshadowed 7 00:00:17,039 --> 00:00:20,609 by other stories in the news a scale of one to 10 how did we do 8 00:00:20,609 --> 00:00:23,740 this turned out to be bad H I would say only 9 00:00:23,740 --> 00:00:27,160 overseas and are companies that sell their had any weakness 10 00:00:27,160 --> 00:00:31,250 this was a turnaround year that we just finished it was it create your Mac 11 00:00:31,250 --> 00:00:34,270 at the ended the year we saw falling oil prices 12 00:00:34,270 --> 00:00:37,829 gas prices followed and fellow i've seen predictions already 13 00:00:37,829 --> 00:00:40,989 that we could continue to see low gas prices 14 00:00:40,989 --> 00:00:44,610 throughout 2015 what do you think this is a year 15 00:00:44,610 --> 00:00:48,989 where the consumer is going to be flush they are going to be a plus because 16 00:00:48,989 --> 00:00:52,949 we could see two dollar ghastly all over the country public phone bills coming 17 00:00:52,949 --> 00:00:53,699 down to 18 00:00:53,699 --> 00:00:57,420 that's another unexpected benefit we get tax cuts galore from 19 00:00:57,420 --> 00:01:01,030 telephone companies from oil company so are we going to see the year we talk 20 00:01:01,030 --> 00:01:02,050 about this a lot 21 00:01:02,050 --> 00:01:05,689 we have in the past will this be the year that american see 22 00:01:05,689 --> 00:01:10,119 a real raise yet to come to their ability to have a good lifestyle 23 00:01:10,119 --> 00:01:13,830 yes because this is here with the companies have so much profit that it 24 00:01:13,830 --> 00:01:17,580 would be embarrassing if they didn't return it's a little embarrassing in the 25 00:01:17,580 --> 00:01:19,170 past we've seen that happen 26 00:01:19,170 --> 00:01:22,920 to CEOs are overpaid I'm not gonna change my mind about that but I do think 27 00:01:22,920 --> 00:01:24,360 that they'll be such great wealth 28 00:01:24,360 --> 00:01:27,409 in such success for so many copies in 2015 the 29 00:01:27,409 --> 00:01:30,900 don't be surprised to get a regime it didn't ask for I let's talk about jobs 30 00:01:30,900 --> 00:01:33,070 at we don't have December numbers in yet 31 00:01:33,070 --> 00:01:38,610 right but it appears that that 2014 will be about the best year for job creation 32 00:01:38,610 --> 00:01:42,700 in a decade or a decade and a half about three million jobs created 33 00:01:42,700 --> 00:01:47,229 cannot extend into 2015 yes because there are a whole series 34 00:01:47,229 --> 00:01:50,280 whole part economy they're about to kick in this year 35 00:01:50,280 --> 00:01:53,720 housing we were still a recessionary level 2014 36 00:01:53,720 --> 00:01:57,929 big construction projects that those are going to help we are seeing a 37 00:01:57,930 --> 00:02:01,549 returned our power as an export export nation 38 00:02:01,549 --> 00:02:05,079 because we are building so many things are the sole engines from 39 00:02:05,079 --> 00:02:08,649 both are so so far I've never felt better about myself than I have in this 40 00:02:08,649 --> 00:02:11,930 segment right now it's right let's be realistic the let's talk about some 41 00:02:11,930 --> 00:02:12,950 possible land 42 00:02:12,950 --> 00:02:16,089 mines that we have to look out for in 2050 43 00:02:16,090 --> 00:02:19,810 by it's not gonna be in our country we have to worry about China's slowing down 44 00:02:19,810 --> 00:02:20,370 again 45 00:02:20,370 --> 00:02:23,870 we asked about really this europe your purse got to get it together 46 00:02:23,870 --> 00:02:27,580 I don't know what they can Japan to China economy falling off the cliff 47 00:02:27,580 --> 00:02:31,620 this matters because we've come a great export power returned the fire stuff and 48 00:02:31,620 --> 00:02:35,000 you talk about china recently it was determined that China is now the world's 49 00:02:35,000 --> 00:02:36,739 largest economy 50 00:02:36,739 --> 00:02:40,400 now I think a lot of people the United States are on easy about that is it 51 00:02:40,400 --> 00:02:41,739 anything more than a label 52 00:02:41,739 --> 00:02:45,209 no it really is an hour gotta tell you if they don't cleaner air up 53 00:02:45,209 --> 00:02:48,530 they don't clean the water up they're going to become in the economy that we 54 00:02:48,530 --> 00:02:49,970 won't have to worry about it all 55 00:02:49,970 --> 00:02:53,799 they have to spend a fortune just to make it seem we can see each other this 56 00:02:53,799 --> 00:02:55,630 far from each other in a major city 57 00:02:55,630 --> 00:03:00,170 I that was the year that was in the year ahead in the economy courtesy of Jim 58 00:03:00,170 --> 00:03:02,290 Cramer gym as always thanks very much here

No comments:

Post a Comment