White House economic adviser Larry Kudlow on Sunday sought to allay fears of an economic downturn, saying, “I don’t see a recession at all.”
The White House adviser demurred when asked by "Fox News Sunday" guest host Dana Perino whether the Trump administration is considering concrete steps to stave off a potential recession after short-term U.S. Treasury bonds last week fell below yields for longer-term bonds. The development, which can signal a forthcoming recession, sparked the worst single-day losses for stocks of 2019.
More @ The Hill
And do we believe him or our lying eyes and pocket books? Eyes and pocket books win out...
ReplyDeleteBusiness is still booming though.
DeleteIt did too right up to the 1929 crash...
DeleteSplendor in the Grass: One of my favorites.
DeleteHeck no!! I mean just look at his track record....
ReplyDeletehttps://www.washingtonpost.com/opinions/larry-kudlow-may-have-been-more-wrong-about-the-economy-than-anyone-alive/2018/03/14/a98f2292-27ce-11e8-b79d-f3d931db7f68_story.html?noredirect=on
Y'all have a nice day.
Wish they would pay me as I could make even more 'wrongs' than he. :)
DeleteWhen one runs a gigantic confidence scheme then one must exude confidence no matter the reality of the situation. And after all, isn't fiat currency, as well as the house of cards built by it, based on nothing more than the confidence the next guy has on the paper you're trying to hand them?
DeleteThat doesn't mean one cannot or should not try to profit form the scheme and the manipulations brought about by it but that does little to change the end result. The only real questions are how to profit, protect one's self, along with when and how the consequences will be felt.
Y'all have a nice day.
. The only real questions are how to profit, protect one's self, along with when and how the consequences will be felt.
DeleteUnfortunately, yes.