Is that because we are still in round 1, obviously not. Kudlow is only about green shoots and a consistent goldilocks economy where everything is literally rainbows and butterflies no matter what.
Larry Kudlow says a second wave of coronavirus cases ‘isn’t coming’
PUBLISHED MON, JUN 22 20209:42 AM EDTUPDATED 2 HOURS AGO
https://www.cnbc.com/2020/06/22/lar...nd-wave-of-coronavirus-cases-isnt-coming.html
This is a guy that states a lot of things about Coronavirus without any scientific fact...the same guy when asked about Pres. Trump's comments involving putting disinfectant / UV light into the human body to kill Coronavirus.
Regardless, we're still in the 1st wave with
concerning infection rate / hospitalization. Thus, we never produce that 1st wave bell curve...we're still stuck in the 1st wave...trying to complete a bell curve. Hopefully, before the elections and flu season.
Now that more young people are becoming infected / hospitalized...maybe he's thinking more people will be killed off and / or a vaccine / approved treatment will be discovered
prior to a 2nd wave.
If that happens...he's then right.
Then again, he's on the economic / financial advisor team and
not the medical / health advisor team.
The one thing I will agree with him about is that there will most likely be another stimulus package because their desperate to protect the economy going into U.S. elections so that it (no another stimulus) can be used against them during the elections.
The Coronavirus will raise government debt burdens 15 - 30% and one of the most efficient ways to manage that will to keep interest rates as low as possible for as long as possible.
Note: I don't understand a lot about the growing government debt burdens.
Regardless, listening to Kudlow talk about science / health is like listening to a
taxi cab driver.
With that said, I was thinking what would happen if Universities decide to stay online for the next academic year...he then could be right...there may not be a 2nd wave if the economy can continue be supported by all that money printing.
They'll begin to see a clearer picture in
August to answer a lot of questions as industries are re-opening more
or maybe closing again.
wrbtrader