{"id":144459,"date":"2021-11-12T01:49:38","date_gmt":"2021-11-12T01:49:38","guid":{"rendered":"https:\/\/precoinnews.com\/?p=144459"},"modified":"2021-11-12T01:49:38","modified_gmt":"2021-11-12T01:49:38","slug":"cramer-says-he-does-not-want-to-hear-another-word-about-stagflation-after-strong-retail-earnings","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/cramer-says-he-does-not-want-to-hear-another-word-about-stagflation-after-strong-retail-earnings\/","title":{"rendered":"Cramer says he does not want to &#x27;hear another word about stagflation&#x27; after strong retail earnings"},"content":{"rendered":"<ul>\n<li>Fears that the U.S. economy is headed toward a period of stagflation ought to be put to rest, CNBC&#x27;s Jim Cramer said Thursday.<\/li>\n<li> &quot;There&#x27;s nothing stagnant about this economy. In fact, retailers may be experiencing their strongest quarter in history,&quot; the &quot;Mad Money&quot; host said.<\/li>\n<\/ul>\n<p>CNBC&#x27;s Jim Cramer said Thursday he believes fears that the U.S. economy is headed for a period of stagflation should be put to rest after a series of impressive retail earnings reports. <\/p>\n<p>Stagflation is a term used to describe slow economic growth at a time of high inflation. It was initially spotted in the 1970s, but some commentators have warned the world&#x27;s largest economy could return to it, as inflation runs hot and the recovery from pandemic damage decelerates. <\/p>\n<p>Recent quarterly results from a handful of retailers from department store chain Dillard&#x27;s to watch maker Fossil, however, shed light into the strength of the U.S. consumer and suggest economic activity remains robust, Cramer said. <\/p>\n<p>&quot;That&#x27;s it. Don&#x27;t want to hear another word about stagflation,&quot; the &quot;Mad Money&quot; host said. &quot;There&#x27;s nothing stagnant about this economy. In fact, retailers may be experiencing their strongest quarter in history.\u00a0I know I use a lot of superlatives, but that&#x27;s not hyperbole.&quot; <\/p>\n<p>Dillard&#x27;s, for example, earned $9.81 per share when Wall Street only expected $5.82, helping send its stock up 10% Thursday. &quot;There&#x27;s so much demand that Dillard&#x27;s doesn&#x27;t have to run any promotions to get people in the store. That&#x27;s a staggering feat,&quot; Cramer said. <\/p>\n<p>Fossil, on the other hand, surged 23% on Thursday after reporting &quot;a glorious&quot; quarter, Cramer said. &quot;In the old days, Fossil used to discount everything. Not this time,&quot; he said.<\/p>\n<p> &quot;When these retail stocks lead, many others follow. It&#x27;s just one more sign that, despite the endless handwringing about inflation and stagflation from the so-called experts, or possibly supply-chain induced shortages, shoppers remain undaunted and eager to buy.&quot; <\/p>\n<p>Disclaimer<\/p>\n<p>Questions for Cramer?<br \/> Call Cramer: 1-800-743-CNBC<\/p>\n<p>Want to take a deep dive into Cramer&#x27;s world? Hit him up!<br \/> Mad Money Twitter &#8211; Jim Cramer Twitter &#8211; Facebook &#8211; Instagram<\/p>\n<p>Questions, comments, suggestions for the &quot;Mad Money&quot; website? madcap@cnbc.com<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/11\/11\/jim-cramer-on-stagflation-concerns-and-retail-earnings.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fears that the U.S. economy is headed<\/p>\n","protected":false},"author":3,"featured_media":144458,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cramer says he does not want to &#x27;hear another word about stagflation&#x27; after strong retail earnings - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/cramer-says-he-does-not-want-to-hear-another-word-about-stagflation-after-strong-retail-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cramer says he does not want to &#x27;hear another word about stagflation&#x27; 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