Wed, Jun 4, 2014 10:56 AM EDT 1:10
TheStreet's Jim Cramer says many parts of the economy are strong, including oil and gas, autos, exports, and chemicals, but the job growth still seems anemic. Job numbers are indicating that the economy went back to sleep in May. Cramer says this is incredible but it explains why interest rates have had a hard time going higher, even though many thought we would be at 3 percent by now. Cramer believes we are in a push-me, pull-you market and he thinks as long as Washington is stalled and regulation remains high, we will not see any sustained hiring in the United States - and that is what will keep interest rates low.