Gave up on Kudlow years ago, he has no credibility anymore. Ultimate cheerleader. Guys like Kudlow and Laffer claim this is the best economy ever while denying the fact that it is built on a borrowed deck of cards. Completely unsustainable. Borrowing for investment and borrowing for consumption are two drastically different courses, it is all fine and dandy until it isn't then everyone gets crushed.
Is it going to happen at this inflection point of the cycle, odds are against it. But the fed is really pinned here between boosting the dollar or crushing the economy. Haven't seen a lot of jawboning to support it but if it goes any lower inflation fears will kick back in. Gold and oil look ready to resume uptrend. I smell the stag. Odds are against but probably greater now than any other time in recent history.
Go Kudlow Go!
