This Sell-Off Isn't Special - Cramer's Mad Money (8/15/18) [Seeking Alpha]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Seeking Alpha
Summary Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Wednesday , August 15. As the global markets sell off, Cramer said it's not as special as it seems. He listed the reasons for which the market is worried and almost all of them are not long-term concerns. The issue with Turkey isn't settling down, as they put retaliation tariffs on U.S. goods and the Lira has recovered 7%. Cramer called their debt crisis a man-made issue which is easy to resolve. European banks are on the lookout as they have lent money to debt-ridden Turkey, but the U.S. banks have no exposure. Next concern in the market is China, which according to many is playing the long-term game for trade and tariffs. The sell-off in China's stocks was due to their relationship with Europe and Turkey's crisis which is not related to the U.S. economy. The market is also concerned about inflation, citing price increases by Kimberly-Clark (NYSE: KMB ). Cramer said that o
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