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A recession could also be coming, however Jim Cramer says he isn’t seeing the early indicators but

Cramer: If there was weakness in E-Commerce then PLD should have less than 97 percent occupancy

CNBC’s Jim Cramer mentioned Thursday that he is nonetheless looking for the primary signal of a recession, despite the fact that it is all anybody appears to be speaking about.

“Possibly the recession’s coming; perhaps the credit score crunch is true upon us,” Cramer mentioned. “However till then, I believe it is fairly invisible.”

Cramer mentioned in lots of industries, there are literally indicators of power.

The enormous Salesforce tower in San Francisco-owned by Boston Properties has a number of inquiries for leases to get into the constructing, Cramer mentioned. The corporate additionally has “extremely low” vacancies in a number of cities, he famous.

In the meantime, timeshare firm Marriott Holidays Worldwide has racked up 12% contract gross sales progress for the quarter and is predicting a “very stable” 2023, in line with Cramer. Competing timeshare firm Journey + Leisure has mentioned it’s not seeing a slowdown.

In retail, other than Social gathering Metropolis, there aren’t many bankruptcies and in some way “deeply troubled” Mattress Bathtub & Past remains to be alive, Cramer famous.

“We have had red-hot economies previously with extra retail closures than we’re seeing proper now,” Cramer mentioned.

Except you have been laid off by a tech firm, otherwise you work at Social gathering Metropolis or Mattress Bathtub & Past, “you are most likely doing fairly darn effectively proper now,” Cramer mentioned.

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Are signs of a slowdown right around the corner? Cramer's on the hunt for clues

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