Posted on 02/02/2024 5:59:08 AM PST by ChicagoConservative27
Former Trump economic advisor Larry Kudlow conceded that his prediction of a looming recession was wrong and admitted that the U.S. economy is doing much better than expected under President Joe Biden.
Talking on Fox News' America Reports on Thursday, Kudlow offered a "mea culpa."
00:14 Former Trump Advisor Praises Joe Biden's Economy: 'I Was Wrong' By Giulia Carbonaro US News Reporter FOLLOW 84 Former Trump economic advisor Larry Kudlow conceded that his prediction of a looming recession was wrong and admitted that the U.S. economy is doing much better than expected under President Joe Biden.
Talking on Fox News' America Reports on Thursday, Kudlow offered a "mea culpa."
"I was wrong about the slowdown and the recession. So was the entire forecasting fraternity," Kudlow, now a Fox Business Network host, said.
The Bureau of Economic Analysis' report on January 25 showed that the country's gross domestic production grew beyond expectation by 3.3 percent in the last quarter. Biden has been celebrating the latest GDP data as a victory for his administration and proof that his economic policies have worked to keep the economy afloat and help it recover after the pandemic.
(Excerpt) Read more at newsweek.com ...
Now I think a crash is definitely coming.
“I was wrong about the slowdown and the recession. So was the entire forecasting fraternity” — Really hard to argue that that’s taken out of context.
The guy is nuts... Dozens of recent headlines like this.
Top Strategist Jon Wolfenbarger Warns Of Stock Market Crash And Year-Long Recession: ‘Market Highly Vulnerable To Falling To New Bear Lows’
Uh, no.
$2+ Trillion deficits are balancing any depressive effects higher interest rates are having, even while the middle class continues to get strip-mined.
The trouble with today’s GOOBers is that they are all closeted turd rolling commie RATS.
What is his problem?
Kudlow’s comment about the probability of an economic slowdown and recession does NOT mean he’s praising Biden’s economy.
Did Jim Kramer say everything looks great?
Has the secession gotten so bad that selling ones reputation is the only way to get money?
What is his problem?
He believes the numbers put out by the Brandon Administration are accurate.
recession.
A lot of the deficit spending goes directly to asset inflation in stocks & real estate for the upper class. Plus the BLS should be called the "Bureau of Lying Statistics" because job growth & other figures are reduced sharply downwards a month or two after the regime propping headlines.
Consider the source...
Here’s the deal.... is the economy doing well? Unemployment is low. My stock portfolio is killing it. People are spending money. Prices are still sky high (and will stay that way), although they appear to be rising at a lower rate.
But we’re on borrowed time. The government spends $2T more annually than it takes in. Its unsustainable. So enjoy it while it lasts.
A complete distortion of what Kudlow said. I watched that segment. He thinks Biden’s policies are a disaster.
He fails to realize that the Biden Economy is a high inflation model designed to reduce the value of debt and fixed incomes using the resulting wealth to advance crony capitalism and re-distributive goals including foreign wars, green initiatives, municipal support, etc.
Problem is that the consumer has to pay it all back through higher prices. But, as always, the perpetrators will be long gone when momma figures out that she can’t even afford a pork chop to put in with her greens.
How would a crazy Italian reporter Guilia Carbonaro know what Kudlow meant?
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