Coronavirus

It’s a Buyers Market, Kudlow Says

JM Ashby
Written by JM Ashby

Millions of Americans' retirement accounts have lost a significant amount of value over the past week as fears of the coronavirus and the Trump regime's response to it drive stocks into the toilet, but it's not all bad news according to Trump's top economic adviser Larry Kudlow.

It's a buyer's market, Kudlow says, and there's no better time to buy than now.

Kudlow, President Donald Trump’s top economic advisor, said in a Fox Business interview that investors shouldn’t “rule out more optimistic options.”

There’s no guarantee cases of the disease will “skyrocket” in the U.S., Kudlow said. “Stocks looks pretty cheap to me.” [...]

Asked about the World Health Organization’s decision to raise the threat of the coronavirus to a “very high” global risk level, Kudlow said, “I’m sure they’re correct.”

But he stressed that risks to the U.S. in particular remain “on the low side” and said that despite the huge market drops this week, his economic forecasts are holding up “nicely.”

Fucking hell

This is great news if you're among the minority of Americans who actually have a pile of cash set aside to invest in stocks when a pandemic strikes. Personally, I'm worried about a surprise medical bill I would have to take on more debt to cover.

  • Draxiar

    He really is clueless.

  • muselet

    What a wanker.

    (Sorry, I try to provide something of more value than mere invective with my comments, but bloody hell.)

    –alopecia

    • Draxiar

      No worries, mate. I provide more invective than I probably should so I know that if you’re at this point than I’m not off-base thinking the same thing.