Kudlow's alright. Him and Santelli are the only dollar hawks, AFAICT.
Kudlow tonight preaching endless optimism
- Thread starter PlusMinus
- Start date
Brian Wesbury is in this segment with Kudlow, both are EXTREMELY BULLISH, EXTREMELYYYYYYYYYYYY Bullish, it reminds me of 2007 when kudlow day after day was hyping up this so called goldilocks economy, man did he get that one wrong.
Brian Wesbury in this video says:
"ECONOMY LITERALLY READY TO SOAR"
<object id="cnbcplayer" height="380" width="400" classid="clsid
27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0" >
<param name="type" value="application/x-shockwave-flash"/>
<param name="allowfullscreen" value="true"/>
<param name="allowscriptaccess" value="always"/>
<param name="quality" value="best"/>
<param name="scale" value="noscale" />
<param name="wmode" value="transparent"/>
<param name="bgcolor" value="#000000"/>
<param name="salign" value="lt"/>
<param name="movie" value="http://plus.cnbc.com/rssvideosearch/action/player/id/1366612087/code/cnbcplayershare"/>
<embed name="cnbcplayer" PLUGINSPAGE="http://www.macromedia.com/go/getflashplayer" allowfullscreen="true" allowscriptaccess="always" bgcolor="#000000" height="380" width="400" quality="best" wmode="transparent" scale="noscale" salign="lt" src="http://plus.cnbc.com/rssvideosearch/action/player/id/1366612087/code/cnbcplayershare" type="application/x-shockwave-flash" />
</object>
Brian Wesbury in this video says:
"ECONOMY LITERALLY READY TO SOAR"
<object id="cnbcplayer" height="380" width="400" classid="clsid
27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0" ><param name="type" value="application/x-shockwave-flash"/>
<param name="allowfullscreen" value="true"/>
<param name="allowscriptaccess" value="always"/>
<param name="quality" value="best"/>
<param name="scale" value="noscale" />
<param name="wmode" value="transparent"/>
<param name="bgcolor" value="#000000"/>
<param name="salign" value="lt"/>
<param name="movie" value="http://plus.cnbc.com/rssvideosearch/action/player/id/1366612087/code/cnbcplayershare"/>
<embed name="cnbcplayer" PLUGINSPAGE="http://www.macromedia.com/go/getflashplayer" allowfullscreen="true" allowscriptaccess="always" bgcolor="#000000" height="380" width="400" quality="best" wmode="transparent" scale="noscale" salign="lt" src="http://plus.cnbc.com/rssvideosearch/action/player/id/1366612087/code/cnbcplayershare" type="application/x-shockwave-flash" />
</object>
Quote from S2007S:
Brian Wesbury is in this segment with Kudlow, both are EXTREMELY BULLISH, EXTREMELYYYYYYYYYYYY Bullish, it reminds me of 2007 when kudlow day after day was hyping up this so called goldilocks economy, man did he get that one wrong.
Brian Wesbury in this video says:
"ECONOMY LITERALLY READY TO SOAR"
<object id="cnbcplayer" height="380" width="400" classid="clsid
<param name="type" value="application/x-shockwave-flash"/>
<param name="allowfullscreen" value="true"/>
<param name="allowscriptaccess" value="always"/>
<param name="quality" value="best"/>
<param name="scale" value="noscale" />
<param name="wmode" value="transparent"/>
<param name="bgcolor" value="#000000"/>
<param name="salign" value="lt"/>
<param name="movie" value="http://plus.cnbc.com/rssvideosearch/action/player/id/1366612087/code/cnbcplayershare"/>
<embed name="cnbcplayer" PLUGINSPAGE="http://www.macromedia.com/go/getflashplayer" allowfullscreen="true" allowscriptaccess="always" bgcolor="#000000" height="380" width="400" quality="best" wmode="transparent" scale="noscale" salign="lt" src="http://plus.cnbc.com/rssvideosearch/action/player/id/1366612087/code/cnbcplayershare" type="application/x-shockwave-flash" />
</object>
i believe hes on this video too in 2007:
http://www.youtube.com/watch?v=jJt77Kd_FiY
Found this article 2/27/2008
Its Q & A with Brian Wesbury and what I want to point out is this:
1. He is one to yell out that anytime is a good time to buy stocks because of course stocks only go up.....
2. Said in 2008 that the economy WAS NOT headed for RECESSION and that it was not in one at the time.
3. HE SAID SUB PRIME WAS BEING "OVERHYPED"
WOW this guy is a complete FOOL.
Went on to say that it was only going to be a $250 Billion dollar problem at most????
Wait didn't they sign in a $780+ Billion dollar stimulus plan and raise the deficit trillions of dollars, GOOD ONE Mr. Wesbury.
These fools are the ones today yelling that everything is fine, blah, blah, blah, In due time he will look like an even greater fool.
Steigerwald with economist Brian Wesbury
BILL STEIGERWALD
Cagle Cartoon columnist
Being an economic forecaster is as dangerous as being a weather forecaster â the longer view you take, the harder it is to âseeâ the future.
Nevertheless, economist Brian Wesbury must be doing something right when he looks in his crystal ball. The Wall Street Journal, where his smart and coherent op-ed pieces run frequently, named him the countryâs Number-One economic forecaster in 2001 and USA Today ranked him among the top 10 in 2004. Economics editor of The American Spectator magazine and a regular expert on CNBC, Wesbury is currently chief economist at First Trust Advisors L.P., a financial services firm based near Chicago. I talked to him by phone on Thursday:
Q: Should we be jumping out of windows or buying stocks right now?
A: We should not be jumping out of windows. We should be buying stocks, and I say that for two reasons: Number One, the market basically today is priced for almost the end of the world. The conditions that have preceded previous periods of rough economic times just donât exist. The other thing is, if you look back at the last 230 years of U.S. history, there has really hardly ever been a bad time to buy stocks â especially if you are holding them for the long run.
Q: You say we are not in a recession and we are not even headed for one, right?
A: That is correct. Every single recession in the United States for the last 80 years has been preceded by a tight Federal Reserve policy â in other words, excessively high interest rates. And we clearly donât have that today. Recessions are also preceded frequently by tax hikes or protectionism. So I would say that today we have very low interest rates, we have low tax rates, and we are not moving in a protectionist direction. As a result, those conditions that have led to recessions in the past donât exist. One last point: I know of no point in history where we have ever scared ourselves into a recession. It just has never happened before and I donât think it will happen this time, either.
Q: Is there a problem that is being overhyped by the mainstream general news media â The New York Times, CNN, USA Today?
A: Yes, I think there are. The biggest one is this whole subprime lending issue. At its worst, and this is using the worst assumptions that I can make, itâll be about a $250 billion problem. I donât even think that weâll get to that level; thatâs the worst I can make it. $250 billion is less than .3 percent of all the economyâs assets. We have a $14 trillion GDP. We have $100 trillion in assets. Itâs just too small of a problem to take the economy down. So I think we are blowing it out of proportion today and it is causing more fear than it should.
EDITORâS NOTE â Bill Steigerwald is a columnist at the Pittsburgh Tribune-Review. E-mail Bill at steigerwald@caglecartoons.com.
Its Q & A with Brian Wesbury and what I want to point out is this:
1. He is one to yell out that anytime is a good time to buy stocks because of course stocks only go up.....
2. Said in 2008 that the economy WAS NOT headed for RECESSION and that it was not in one at the time.
3. HE SAID SUB PRIME WAS BEING "OVERHYPED"
WOW this guy is a complete FOOL.
Went on to say that it was only going to be a $250 Billion dollar problem at most????
Wait didn't they sign in a $780+ Billion dollar stimulus plan and raise the deficit trillions of dollars, GOOD ONE Mr. Wesbury.
These fools are the ones today yelling that everything is fine, blah, blah, blah, In due time he will look like an even greater fool.
Steigerwald with economist Brian Wesbury
BILL STEIGERWALD
Cagle Cartoon columnist
Being an economic forecaster is as dangerous as being a weather forecaster â the longer view you take, the harder it is to âseeâ the future.
Nevertheless, economist Brian Wesbury must be doing something right when he looks in his crystal ball. The Wall Street Journal, where his smart and coherent op-ed pieces run frequently, named him the countryâs Number-One economic forecaster in 2001 and USA Today ranked him among the top 10 in 2004. Economics editor of The American Spectator magazine and a regular expert on CNBC, Wesbury is currently chief economist at First Trust Advisors L.P., a financial services firm based near Chicago. I talked to him by phone on Thursday:
Q: Should we be jumping out of windows or buying stocks right now?
A: We should not be jumping out of windows. We should be buying stocks, and I say that for two reasons: Number One, the market basically today is priced for almost the end of the world. The conditions that have preceded previous periods of rough economic times just donât exist. The other thing is, if you look back at the last 230 years of U.S. history, there has really hardly ever been a bad time to buy stocks â especially if you are holding them for the long run.
Q: You say we are not in a recession and we are not even headed for one, right?
A: That is correct. Every single recession in the United States for the last 80 years has been preceded by a tight Federal Reserve policy â in other words, excessively high interest rates. And we clearly donât have that today. Recessions are also preceded frequently by tax hikes or protectionism. So I would say that today we have very low interest rates, we have low tax rates, and we are not moving in a protectionist direction. As a result, those conditions that have led to recessions in the past donât exist. One last point: I know of no point in history where we have ever scared ourselves into a recession. It just has never happened before and I donât think it will happen this time, either.
Q: Is there a problem that is being overhyped by the mainstream general news media â The New York Times, CNN, USA Today?
A: Yes, I think there are. The biggest one is this whole subprime lending issue. At its worst, and this is using the worst assumptions that I can make, itâll be about a $250 billion problem. I donât even think that weâll get to that level; thatâs the worst I can make it. $250 billion is less than .3 percent of all the economyâs assets. We have a $14 trillion GDP. We have $100 trillion in assets. Itâs just too small of a problem to take the economy down. So I think we are blowing it out of proportion today and it is causing more fear than it should.
EDITORâS NOTE â Bill Steigerwald is a columnist at the Pittsburgh Tribune-Review. E-mail Bill at steigerwald@caglecartoons.com.
Quote from S2007S:
Brian Wesbury is in this segment with Kudlow, both are EXTREMELY BULLISH, EXTREMELYYYYYYYYYYYY Bullish, it reminds me of 2007 when kudlow day after day was hyping up this so called goldilocks economy, man did he get that one wrong.
Brian Wesbury in this video says:
"ECONOMY LITERALLY READY TO SOAR"
<object id="cnbcplayer" height="380" width="400" classid="clsid
<param name="type" value="application/x-shockwave-flash"/>
<param name="allowfullscreen" value="true"/>
<param name="allowscriptaccess" value="always"/>
<param name="quality" value="best"/>
<param name="scale" value="noscale" />
<param name="wmode" value="transparent"/>
<param name="bgcolor" value="#000000"/>
<param name="salign" value="lt"/>
<param name="movie" value="http://plus.cnbc.com/rssvideosearch/action/player/id/1366612087/code/cnbcplayershare"/>
<embed name="cnbcplayer" PLUGINSPAGE="http://www.macromedia.com/go/getflashplayer" allowfullscreen="true" allowscriptaccess="always" bgcolor="#000000" height="380" width="400" quality="best" wmode="transparent" scale="noscale" salign="lt" src="http://plus.cnbc.com/rssvideosearch/action/player/id/1366612087/code/cnbcplayershare" type="application/x-shockwave-flash" />
</object>
They all are an embarrassment and Bloomberg is one of the worst. As long as we have Obama (puppet man) always speaking like he is running for office and the SEC and CFTC either turning their head the Wall ST. Money Mongrels will control. Every once and a while throwing the street a bone like Madoff, Stanford and such the real thieves will continue to pick pocket the little man and of course woman.
They worked to destroy the working mans (hope chest and retirement fund). All news is controlled by the same Wall ST. JW's and we are fed late news every day. I have never seen so often news being leaked or being reported after the move has happened and now with the intervention of high speed computers it is only a short time before day trading no longer exists as before.
Lies, Lies and more Lies manufactured and bulit in the USA
Most days I don't even have them or the other channels on. I know you all will laugh at me, but most days, while I'm trading or even just looking for a trade, the Food Network is on. Don't know why, can't explain it, but it doesn't bother me like CNBC or that other joke, Fox Business. Outside of the Food Network, it's the Weather Channel, or I just turn off the boob tube and listen to some tunes.
whats so damm sad is all these people can and are wrong 75% of the time yet they make millions a year and are never punished. abbey joseph cohen has stayed bullish thru 2 bear mkts yet has never paid a price for being dead wrong.laszlo birinyi said in dec 2008 the bottoms in at 750 and in march we hit 650. yet he's been allowed to be on tv and make more crazy predictions.IN THE END NOBODY CARES WHO'S RIGHT OR WRONG AND MEMORIES ARE SHORT. NOBODY CARES WHAT IF STOCKS HAVE HIGH P/E'S. ALL PEOPLE CARE ABOUT IS "CAN I MAKE MONEY".BUT WHEN THEY GET HURT AND LOSE BIG THEY ALWAYS WANT TO BLAME SOMEBODY.
Laszlo Birinyi: S&P 750's the Bottom - Barron's Interview 22 comments
by: SA Editor Eli Hoffmann January 04, 2009
Laszlo Birinyi: S&P 750's the Bottom - Barron's Interview 22 comments
by: SA Editor Eli Hoffmann January 04, 2009