Larry Kudlow: Don't Panic, This Isn't Remotely Like 2008

Real Clear Markets ^ | 08/09/2011 | Larry Kudlow

[donozark]

Government may have designs on IRAs/401Ks,etc. Tank the market, then come to the "rescue" of millions of Americans who lost their life savings. Socialism on the march. Virtually unstoppable (as I see it) by any means other than force of arms.

What we are seeing in London has only been prevented here because we have a Black man as President. Were he lily white, and worse, a Republican, our cities would be in flames.

Next stop? Libya...

[NeoCaveman]

I love Larry, he's always optimistic.

Wrong as hell, but optimistic

[Dick Vomer]

must need his cocaine or FBI files....

[Lazlo in PA]

In my opinion, we are not facing the end of the world scenario as you seem to believe.

I said no such thing on doom and gloom. My argument is that Larry is hyping the economy without citing certain things that hurt his argument. Oil prices tanking was just one blatant omission. I am a regular watching his evening CNBC program. No matter how bad things are, he consistently pushes that things are fine and everything in the economy is turning around. He even had to tap dance around the price of gold in his argument in this piece.

[Recovering_Democrat]

He is right. It isn’t like 08. We won’t allow Hussein’s cult to win this time.

[Deo volente]

gasoline prices in the last two weeks have fallen by 35 to 40 cents.

That's BS. They're down about 4 cents here in Los Angeles.

[Jane Long]

Fundamental Transformation™

[null and void]

It’s more like 1929...

[arkady_renko]

You forgot, the biggest drag on the future optimism for business is Obamacare.

It is interesting that they picked the day of signing the deficit increase bill to announce that they are forcing the insurance companies to pay for birth control and morning after pills.

This is one of the first mandates from Obamacare and any company that doesn't see the writing on the wall is delusional. No company will be safe from government takeover if this stays intact. The federal government can come up with a 'public good' argument to take over any industry or business.

[boomop1]

True if Obozo does nothing else, but that ain't going to happen, the sneaky bastard is implementing regulations that are killers.

[SoldierDad]

No, Larry, it’s worse than 2008.

[SoldierDad]

Haven’t seen a drop here in N. CA.

[HIDEK6]

Somebody tell Larry that corporations have a lot of cash but they are not hiring.

It is not the purpose of hiring to piss away your money.

You only hire if you think that you can make more by hiring than by not hiring.

[dools0007world]

Why, pray tell, is the Market up today? What has changed since yesterday? The answer is not nothing. What has changed since yesterday is that things are getting worse. Furthermore, they will continue to do so for as long as The Usurping Marxist Onada nd his band of angry commies continue control the levers of power.

[Georgia Girl 2]

“You only hire if you think that you can make more by hiring than by not hiring.”

Yeh thats my point. Things are not great just because Corporations have cash.

[Notary Sojac]

Larry Kudlow would barbecue live puppies over hot coals, if it would yank the indexes up half a percent for him and his day trader buddies.

[Sonny M]

I honestly haven’t looked, but are you saying there is no inverted yield curve right now ? If thats the case, that would be a major point for Kudlow, I haven’t actually seen what the curve is like, so I honestly don’t know.

[RexBeach]

The Treasury yield curve is a long way from inverted.

The curve is still quite steep: From short-term bills and notes, to long-term bonds.

I think Larry is right on target.

[Sonny M]

Personally, I always liked Kudlow.

If the curve is very steep, does or doesn't that signal inflation ?

I'm kind of vague on this.

Do you know where I can see the curve ?

[EBH]

If oil is so low...why are the gas prices still over $3.50 a gallon? C’mon 0bama explain that to me will ya’?