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To: montag813

Well he did insist that there was no recession until he was like Baghdad Bob with the tanks of the great recession visible behind him.


8 posted on 12/23/2009 7:56:16 AM PST by Pelham ("Badges?!! We don' need no stinkin' badges!!")
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To: Pelham; All
Well he did insist that there was no recession until he was like Baghdad Bob with the tanks of the great recession visible behind him.

There was a good reason for that. Until Lehman Brothers failed the data was quite mixed. Plenty of indexes like ISM were simply not at levels analysts associate with recessions. The BEA called this recession start in December of 2007 a full year later, and they did so primarily on employment rather than GDP.

The main voices howling about recession before then were either partisan Democrats who wanted campaign fodder and the permabears and gold bugs have never had a POSITIVE forecast in their lives.

The Street consensus said no recession, not just Kudlow. And just because Kudlow was too optimistic then doesn't make the permanent doomsayers right now.

20 posted on 12/23/2009 10:17:01 AM PST by GOP_Resurrected
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To: Pelham

Dont see the Houses falling from the sky when he introduces tha one guy anymore either.


24 posted on 12/23/2009 12:11:57 PM PST by CPT Clay (Pick up your weapon and follow me.)
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