A V-Shaped Boom Is Coming

NRO ^ | 4/9/2010 | Larry Kudlow

[goods]

Sometimes you have to take out your political lenses and look at the actual statistics to get a true picture of the health of the American economy. Right now, those statistics are saying a... full-fledged, V-shaped, recovery boom between now and year-end. Conservatives shouldn’t trash it.

I’m aiming this thought especially at many of my conservative friends who seem to be trashing the improving economic outlook — largely, it would appear, to discredit the Obama administration. Don’t do it folks. It’s a mistake. The numbers are the numbers

[FredZarguna]

He was wrong because he believes corporate profits, which usually translate quite well into a rise in equities also means an improving economy. This is simply false, and it always has been. The stock market, up or down, has NEVER been a leading, current, or trailing indicator of the economy.

NEVER.

In every cycle, we hear about how this time the stock market really really really is tied to the health of the economy. No, it's not.

[Jean2]

ROFLMAO! That is sooo good and so true. Thank you.

[andy58-in-nh]

But don't you understand? An excess of unemployed and undertrained workers with upside-down mortgages are the very key to recovery! Especially if they live in a hyper-regulated economy with declining wages, a shrinking private sector, a devalued currency, and escalating taxes.

Alice got more honest information from Humpty Dumpty.

[dhs12345]

Their stats must be wrong.

I don’t believe it at all. I cry foul.

People have finally accepted the fact that we can’t spend like we have in the past. Thousands of dollars of credit card debt may have been okay five years ago but not any more.

Energy prices will consume expendable income, unemployment, etc. etc.

[FredZarguna]

Maybe the thing you're missing is that this was Kudlow's forecast for 2010. Check the date on the article.

[Former Proud Canadian]

I think this is the point where Larry jumped the shark.

[cookcounty]

I like Larry, he’s always full of sunshine, but I don’t like when he starts blowing it __ my ___.

[Rational Thought]

The problem Kudlow has is not realizing the stock market and the economy are no longer related as they once were.

The stock market could go back up, not due to economic factors, but due to QE3 (or whatever they want to call it). As far as the overall economy, I don't see it.

With an administration threatening more regulations and taxation, with the full implementation of Dodd-Frank (which itself is institutionalizing an economic depression) and with Obamacare coming soon, no chance.

The only hope we had was a true Conservative House. But, with the latest capitulation of Congress to the Left and their non-actions on defunding Obamacare, we're going to continue to flatline. Our hope now (perhaps our last) is for a political tsunami in 2012.

Kudlow is to economic predictions what Dick Morris is to political predictions and I've long suspected Kudlow is a closet Obama supporter.

[Larry - Moe and Curly]

http://www.consumerindexes.com/index.html

I think these two lines at the bottom of the article explain everything:

“— At what point in time can we trust any of the data contained in these reports?

— How can any of the current data be used to create meaningful Federal monetary or fiscal decisions?”

I (we) are not related to Mr. Kudlow even though we have the same first name.

[DeoVindiceSicSemperTyrannis]

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[Notary Sojac]

In every cycle, we hear about how this time the stock market really really really is tied to the health of the economy. No, it's not.

Kudlow would barbecue live puppies over hot coals if it would jerk the DJIA up fifty points for him and his day trader buddies.

[OB1kNOb]

Now now, there is a boom in the economy of sorts........actually it’s more of a KABLOWIEEEE! like the economy throwing a piston rod through the engine block or blowing out a front tire while doing 100 mph in a curve. At least he had the loud noise sound part kinda right.

[Notary Sojac]

I got flamed here a couple of times when I used “Larry Kudlow” and “blow” in the same sentence.

[Thunder90]

Hey Larry.... Put down the bong.

[JerseyHighlander]

You’re on a roll goods.

I’m laughing at the thread responses to people not paying attention to that little inescapable fact called, time.

[BfloGuy]

I didn’t notice that the artical was from last year!

Doh! Neither did I.

I wondered where the hell he got those numbers.

[meatloaf]

I always get caught. Wasn’t it .P.T. Barnum who said a sucker is born every minute. I’ve been reborn so many times, I’ve lost count.

[FredZarguna]

Lots of FReepers are Born Again...

[Mike Darancette]

I’m aiming this thought especially at many of my conservative friends who seem to be trashing the improving economic outlook — largely, it would appear, to discredit the Obama administration.

Maybe I can wish Kudlow into the corn field. What we think doesn't matter. If businesses think there is hope they might hire people and people might buy things. But people are not going to risk anything for Obama.

[Mike Darancette]

Am I missing something?

The date of the NRO article.