"There are still some bright spots out there, and believe it or not, one of the brightest is Mexico," said Cramer.
Industrial production south of the border is on the rise with Mexico growing GDP faster than the United States.
And a particular hot spot has been the auto industry.
"Mexico's auto business is on fire thanks to a phenomenon that's being called Near Sourcing.
Because of rising wages in places like China, and rising transportation costs, it now makes sense for auto companies to build their factories in a place like Mexico, where wages are low and it's easy to ship the cars they build to the U.S. via the rails," Cramer explained.
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Near sourcing has evolved into a dominant trend and one that may be a hot theme next year. Ironically, Cramer thinks one of the best ways to bet on the trend is with a good old American stock - Kansas City Southern.
Kansas City Southern expanded into Mexico almost 20 years ago, in 1996, when the company won the concession to privatize and operate the prime trunk line of the Mexican National Railroad. That's the main line linking Mexico City with the U.S. border at Laredo, Texas.
Today, Kansas City Southern has a 6,600 mile network that's pretty much evenly divided between the United States and Mexico, and their network is only one interchange away from every single major market in North America.
Also, Kansas City Southern currently serves nine auto plants in Mexico, and over the next eighteen months, Nissan, Honda, Mazda and Audi will each be opening new plants south of the border.