Jim Cramer: The consumer is strong; it will be difficult for the Fed to slow economy

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$JPM profit fell by 28% from last yr
• $BLK profit fell by 30% from last yr
• $BAC profit fell by 32% from last yr
• $GS lost $660M in Q2 stock trading
• $MS revenue fell by 55% from last yr

Yet we consumers have money?....FFS Jim, STFU.

chrisjackson

If I only could I would make a deal with *AMZWT20*

nozidoodler

This person is leaving in the parallel universe of Dr. Strange. Subprimes in high levels, repossessions sky high, Credit cards going up and down but consumer is

christosioannidis

Is it just me or does Jim sound like he is always wining?

devonp

Jim Cramer is the most optimistic man in the world of stock markets !!!!

sskgrs

Got it: the consumer is weak and it will be easy for the Fed to slow the economy. Thanks!

conduit

Honestly CNBC

How does this guy still have a job?

The guy that said “buy buy buy” as companies imploded in the 08 crash.

The internet joke is to do the exact opposite of what ever Jim says.

Seriously. Answer the question.

idiotsavant

Adjusted for inflation, retail sales peaked April 2021. Record retail sales is a product of inflation.

bundokman

Americans are getting too use to the government bailing them out, resulting in no savings expecting QE STIMULUS any time the economy gets out of hand. Both business and people are quick to look for hand outs from Uncle Sam this will be our undoing. We have become a lazy spoiled group of children expecting our food given to us with no work. Our nation is in serious danger of failing.

dayneholt

Jim Cramer made the market red this day.

hold

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swaep

I want what jimnis smoking. Who else remembers cramer screaming during the 2008 collapse and losing it?

apope

consumer has savings cuz we have to save A LOT for down payment for a house. How can we spend on anything else when we need to save 200k for it?

zeki

Still it is supply problem....not too many people with too much money...spending money on food

janosik

Why slow it down, just make it easier for the consumer if they want to consume

hydaromar

What type of chemicals is Cramer on? He looks STONED out of his mind!

chrisjackson

Bull run is starting again. We’ll see new highs in 2023

ThomasShelby-xzfk

I am sad cause I can't afford margaritas

cornycorn

Americans are "spending" more cause the price of everything has gone

rymn

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