Jim Cramer: The pandemic led to ‘one of the greatest wealth transfers in history’

Jim Cramer: The pandemic led to ‘one of the greatest wealth transfers in history’

The coronavirus pandemic and corresponding lockdown made way for “one of the greatest wealth transfers in history,” CNBC’s Jim Cramer said Thursday.

“The bigger the business, the more it moves the major averages, and that matters because this is the first recession where big business … is coming through virtually unscathed, if not going for the gold,” he added.

Cramer said it still only scratches the surface of what impact the halt in global economic activity will have on the country…

Source: Cramer: The pandemic led to a great wealth transfer

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