Posted on 08/09/2011 7:56:16 AM PDT by SeekAndFind
Larry....you’re wrong again you sorry sack of......
The most reliable indicator that a recession is on the way, is an inverted yield curve on govvie bonds(meaning, short-term rates are higher than long term rates). At this writing, the yield curve is pretty steep. Short term rates are very low, while long term rates are quite a bit higher by comparison.
There you go! :)
Where would that be?
We're stuck here same as a month ago.
dropped 9 cents over night here.
Market is up 230 right now.
Somone has to make the bull case, though I think he glossed over the gooberment failures a bit too easily. Zimbabwe and the Weimar had going companies all the while their respective governments cheated people out of their wealth even as their stock markets “soared.”
Because the economy is slowing down and demand for oil is lower Larry. This is more of Kudlows sunshine and lollypops BS he tries selling on a regular basis. I notice he totally avoided the trouble in the EU in talking away this "non event".
Don’t listen to him, whatever you do. What does he know? Panic! Sell everything and take a huge loss! Panic! Panic! The sky is falling!
Diesel here in SE Tennessee is $3.87/gallon. The price has been going UP lately, not down. Cost me $130 to fill my truck the other day.
Larry is the quintessential optimist. He could have been at Hiroshima Ground Zero and announced the house fire would soon be under control.
Companies & Consumers stop spending, unemployment goes up, and lack of demand drives gas prices down. Oil Prices are merely one indicator.
Might as well relate the weather to the price of gold.
Ah, but trust is the coin of the realm, Kudlow. And if there was any of that to be had a couple of years ago, there’s none now. The ruling class is flat busted. No, it’s not ‘08. It’s unimaginably worse.
I'm in the SE. I've seen gas prices go down maybe 10-15 cents in the past couple of weeks.
40? Not likely.
True -
Back in 2008 we knew the financial scare was a pre-election scam set up by Obama backers.
The fundamentals were still fairly sound and we had not been through TARP, Stimulus I, QE-1, QE-2 and three years of Obama's insane wealth redistribution, so we had $2 or $3 trillion less debt.
And at that time we still believed that the crooked and inept politicians creating the problems were motivated by greed and a desire to push the liberal agenda, not by a desire to destroy the country.
Now, three years later, we know the economy is much worse than it was in 2008 and that the fundamentals are getting even weaker day by day.
And we now have a president who has clearly stated he wants to remake America.
To do that you have to un-make it first. That is exactly what he is doing.
Dow is up 230. Hussein better schedule another speech this afternoon to tank the market again and keep the evil rich people from regaining some of this market value.
Somebody tell Larry that corporations have a lot of cash but they are not hiring.
Spot prices for delivery next month have fallen that much, but it won’t show at the pump right away.
No matter. The US is pumping significantly less oil than BO (Before Obama). Prices are coming down because investors believe that the economy is going south. If it does as Kudlow predicts it will go right back up, and stay there until we start producing more energy. Which is NOT going to happen.
As someone else in this thread points out, he is acting if the situation in Europe is not a significant variable for us. We are already sending billions over there to prop up things. If it crashes there, we will be profoundly affected.
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