That indicator is F**ked. I hope you dont really believe that. Wake up and take a look around, you and Dennis from CNBS should hang out.
the Goldilocks economy now is stagflation that erodes real wages and profits so that a depression or japan blow up doesn't occur
Kudlow threw in the towel on the US stock market on Thursday. He said that he could no longer be bullish on U.S. equities because of the continued decline in the dollar. Does that sound like a contrary "bell" being wrung, or what??? Kudlow giving up on America! :eek:
Schiff graduated from Cal-Berkeley in '87 with an undergraduate business degree - - - taking the same finance courses that I took when I graduated from the Haas Business School in '82. Trust me, these courses weren't anything special. In fact, we only had 3 FINANCE classes!
Damn it, I missed that, Im tuning into kudlow tonight to see if he says it again, if he does then I think the dow is headed for 20k.
Goldilocks economy was and will always be make believe, the last stage of the economic growth cycle in this country was a fantasy due to all the cheap credit that was available to anyone and everyone. Anyone who thinks the economy is not in a recession is a fool at this point, with job losses mounting and no credit available to anyone the economy will fall into a deep, long recession. GDP is going to fall into Negative territory, expect -0.5%- -1% GDP in the next 6 months. Kudlow has no clue whats going on about his goldilocks economy...he thinks everything is just fine and dandy, HAHA.
Kudlow is a douche. He should learn to short names like mos, ma,pcx, and Bidu. He would make mad money. Werd
Thank you for bumping this thread back to the top where it belongs, actually it should be posted on cnbc tonight showing how F$cking wrong he was and will be, how stupid can he be to think this is a damn goldilocks economy, what a fool....what can he say next, is it now a goldilocks economy when hundreds of thousands of jobs are being lost and gdp growth is falling off a cliff.