Earlier this week, "Mad Money" host Jim Cramer spoke with Sandy Cutler, the CEO of the major industrial company Eaton Corp, and was shocked at what he heard.
Cutler provided his report card on the state of the world's largest economy. He confirmed that residential construction, non-residential construction, aerospace, cars and truck sectors are all very strong.
Despite all of the doom and gloom about how horrible the consumer is doing, Cramer's perspective was flipped on its head after this interview.
"When you think about it, that's a major portion of our economy which is performing well," the "Mad Money" host said. "Housing may only be ten percent of the economy, but it punches well above its weight. Eaton's blessing is big there."
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Non-residential construction is a large source of hiring in the U.S., and Cutler said lower oil prices have driven a lot of jobs in that industry. While crude may be on the rise again, it is still significantly lower than where it was just one year ago.