[Saint X]

Larry Kudlow, even though he works for CNBC, is pretty good at calling these things.

[JasonC]

Um, less than a month later, read his column at NRO following Wells Fargo's earnings report. The latest Kudlow is correct, this older one was flat out wrong. It will be as I called it last fall - the Fed's actions, ordinary built in fiscal stabilizers, widening spreads, and the banks' own prudence, will heal all of it faster than the common doom mongers can imagine. They don't see the forces, they only see other people talking about things in the rear view mirror that they didn't like. Recovery is coming. Watch.