Jim Cramer just predicted that an ‘economic wave’ will soon hit the US — and it...

Jim Cramer, the host of CNBC's "Mad Money," is no stranger to bold claims. In fact, his energetic and boisterous style is a key part of his long-running TV show.

Now, the notorious stock picker has made another bold and controversial claim: "An economic wave is about to hit that will be fantastic for investors," he says in a recent column on CNBC's Investing Club.

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Given his recent performance, retail investors are rightfully wondering if this is a good or bad sign for what lies ahead. Here’s a closer look.

Cramer’s optimism

Inflation is the focal point of Jim Cramer’s latest prediction. He believes the April Consumer Price Index, which came in at 4.9%, could be misleading. “Almost every calculation is incorrect. The data is wrong.”

Instead, he believes the numbers should be lower and are “actually very positive for the Fed.”

If inflation is slowing down faster than anticipated, the Fed may no longer need to raise interest rates. In fact, some analysts are now bracing for interest rate cuts. That could be the underlying thesis for bullish investors.

However, Cramer’s recent track record with bold predictions should probably give the bulls some pause.

Inverse Cramer

One of Cramer’s boldest predictions was also his worst one. “Bear Stearns is fine,” he said in March 2008, just a week before the banking giant collapsed.

That hasn’t discouraged the television star. Since Bear Stearns, Jim Cramer has made so many wrong predictions that it has inspired several memes including the “Inverse Cramer” account on Twitter and the “Cramer Curse” post on Reddit. There’s also an Inverse Cramer Tracker ETF under the ticker SJIM.