Economy

Larry Kudlow Delivers The Kiss Of Death

JM Ashby
Written by JM Ashby

Good news everyone -- famous prognosticator and Trump's top economic adviser Larry Kudlow says we're not going to see a recession anytime soon.

Kudlow spoke at an investment conference hosted by CNBC this morning where he delivered the news.

There is "no recession in sight right now," Kudlow said Wednesday at the Delivering Alpha conference, presented by CNBC and Institutional Investor.

The spread between the two government debt instruments has plunged to about a quarter point, or 25 basis points. Some economists say that when the short-term yield exceeds its longer-term counterpart, that means a recession is coming, probably within a year. An "inverted yield curve" has foretold each of the past seven recessions.

It's funny that Kudlow said this at an investment conference because some of the world's biggest investors are already preparing for a possible recession. Some have even expressed what might be described as excitement because a downturn would allow them to swoop in and buy up assets and property when the price falls into the basement.

I'm not an expert; I can't sit here and say we're definitely going to see a recession in late 2019 or early 2020 as an increasing number of actual experts predict, but Larry Kudlow is no expert either.

The last time Larry Kudlow said there wasn't going to be a recession, the Great Recession began just a month later.

The really good news for Larry Kudlow is he probably won't still be Trump's adviser when the next recession actually does begin. And that will be nice, won't it? He can go back to pretending to be an expert on television.

  • swift_4

    A microsecond before the crash hits the stock market, all of the computers at the big financial institutions will switch to shorting everything so they can make money as your retirement fund dies.

  • Draxiar

    “That volcano there? Nah…Vesuvius is totally safe.” ~Pompeii Resident

  • ninjaf

    I love how these big dollar folks are get all excited about this recession cuz they’re planning on a Black Friday-style sale so they can buy themselves that shiny multi-national conglomerate they’ve always wanted.

  • muselet

    There is “no recession in sight right now,” Kudlow said Wednesday at the Delivering Alpha conference, presented by CNBC and Institutional Investor.

    Mr Magoo has better eyesight, methinks.

    If there’s any justice to be had in the Universe, Larry Kudlow will be unemployable after he leaves the Trump administration.

    –alopecia

  • Aynwrong

    Kudlow is the reverse Cassandra.

  • Username1016

    I love how this big-ass recession is looming just a couple years before I’m due to retire. Thinking of cashing out and putting all the money in my mattress.

    • Draxiar

      My wife and I just bought a house (YAY!) and we want to pay off our credit card debt as fast as we can before it comes crashing down. In all fairness we’d pay it off in the same time frame anyway but since we don’t know what will happen with the economy it’s extra important…also because I work in construction and this industry is one of the first casualties of any downturn.

  • Another classic conservative example of “failing upwards”.