Investing

Cramer: 'No' to the Sept. hike for this reason

Cramer is not a September guy
VIDEO3:3103:31
Cramer is not a September guy

On Wednesday, CNBC's Jim Cramer stuck to his position that a September interest rate hike is a bad idea.

"I think that this recovery is this thin," he said pointing to a small space between his fingers. "You got housing and that puts a lot of people to work. And then you got what? What?"

Read More

Despite a strengthening housing market, Cramer said other sectors such as oil, manufacturing and retail are "not so hot."

"Why would you bother to do this [hike] and send the dollar through the roof, really kind of ending our exports and giving everybody what they want, which is the U.S. consumer?" he said.