Posted on Jul 11, 2022
Larry Kudlow: I still think we're on the front end of a recession
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Even though this is a critique of the President Biden Administration, the first part of this story is giving condolences to former prime minister of Japan Shinzo Abe.
Larry Kudlow reminisces about the assassinated prime minister Shinzo Abe of Japan.
This report was from last week and Larry Kudlow met him a few years ago while working for the Trump Administration. Larry Kudlow had some heart problems and the Japanese prime minister heard about him and every time they met from that time on, the Prime Minister would come visit him and ask him how he was doing.
He said the former Japanese prime minister was Head and Shoulders above many of the other world leaders. He was very impressed about a 50-page presentation that prime minister Abe gave President Trump trying to show that the Japanese invest heavily in the USA and that more Japanese cars are made in the USA that are made in Japan.
Economist Larry Kudlow was deeply touched and saddened about the assassination of the former Japanese Prime Minister.
May the former Japanese Prime Minister Shinzo Abe rest in peace.
Larry Kudlow reminisces about the assassinated prime minister Shinzo Abe of Japan.
This report was from last week and Larry Kudlow met him a few years ago while working for the Trump Administration. Larry Kudlow had some heart problems and the Japanese prime minister heard about him and every time they met from that time on, the Prime Minister would come visit him and ask him how he was doing.
He said the former Japanese prime minister was Head and Shoulders above many of the other world leaders. He was very impressed about a 50-page presentation that prime minister Abe gave President Trump trying to show that the Japanese invest heavily in the USA and that more Japanese cars are made in the USA that are made in Japan.
Economist Larry Kudlow was deeply touched and saddened about the assassination of the former Japanese Prime Minister.
May the former Japanese Prime Minister Shinzo Abe rest in peace.
Larry Kudlow: I still think we're on the front end of a recession
Posted from foxbusiness.com
Japan
Leadership
Economy
Fox News Channel
Economics
Posted >1 y ago
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And what's so bad about a recession? It makes all the things that people complain about being too high go down. Know the right will never admit it, but the recovery of the economy post pandemic has been so impressive that a little cooling down is probably a good thing.
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LTC (Join to see)
The funny thing is you had Democrat Economist complaining that we would be in this situation today.
https://www.cnn.com/2021/05/26/economy/inflation-larry-summers-biden-fed/index.html
One way to bring down inflation is to increase the supply. In this case, the supply of oil but he won't do that. So the alternate way of bringing down the economy is called demand destruction. That's what the Federal Reserve with the Biden people should have done. They should have started raising interest rates late last year but they didn't do it.
So when President Biden says that we need to put money into the economy to lower inflation, that's like saying you need to throttle back and and pull the nose up on your aircraft. It doesn't make sense and it will cause a stall condition. That's what I'm saying is economics and finance is it operational art and they have costumes that are true just like you have controls on a jet aircraft. Unfortunately, President Biden and his staffers don't know the first thing about economics and finance and they make promises that they don't realize can cause catastrophic failure to the US economy.
That's why I'm saying that Republican and Democrat Economist can agree on most things because they believe in their science of economics.
This was all preventable before Putin invaded Ukraine but our stupid president and administration think we don't remember how it was before February of this year. Senator Joe manchin of West Virginia really prevented an even worse than inflation because build back better part 2 included money that we don't need. We are still recovering from all the stimulus because people were being paid more to stay at home and not seek employment.
These political cartoons and statistics are all done between September and November of 2021. So we had a problem back then and 8 to 10 months later, things have gotten from bad to worse caused by the Ukraine war. If President Biden wouldn't have left Ukraine the way he did, maybe this war wouldn't have happened. The reason the market is kind of up in the air right now is there waiting for the inflation numbers to come out on Wednesday.
Lt Col John (Jack) Christensen
https://www.cnn.com/2021/05/26/economy/inflation-larry-summers-biden-fed/index.html
One way to bring down inflation is to increase the supply. In this case, the supply of oil but he won't do that. So the alternate way of bringing down the economy is called demand destruction. That's what the Federal Reserve with the Biden people should have done. They should have started raising interest rates late last year but they didn't do it.
So when President Biden says that we need to put money into the economy to lower inflation, that's like saying you need to throttle back and and pull the nose up on your aircraft. It doesn't make sense and it will cause a stall condition. That's what I'm saying is economics and finance is it operational art and they have costumes that are true just like you have controls on a jet aircraft. Unfortunately, President Biden and his staffers don't know the first thing about economics and finance and they make promises that they don't realize can cause catastrophic failure to the US economy.
That's why I'm saying that Republican and Democrat Economist can agree on most things because they believe in their science of economics.
This was all preventable before Putin invaded Ukraine but our stupid president and administration think we don't remember how it was before February of this year. Senator Joe manchin of West Virginia really prevented an even worse than inflation because build back better part 2 included money that we don't need. We are still recovering from all the stimulus because people were being paid more to stay at home and not seek employment.
These political cartoons and statistics are all done between September and November of 2021. So we had a problem back then and 8 to 10 months later, things have gotten from bad to worse caused by the Ukraine war. If President Biden wouldn't have left Ukraine the way he did, maybe this war wouldn't have happened. The reason the market is kind of up in the air right now is there waiting for the inflation numbers to come out on Wednesday.
Lt Col John (Jack) Christensen
Larry Summers sends stark inflation warning to Joe Biden
Larry Summers is urging Washington to tap the brakes on stimulus — or risk unleashing a serious burst of inflation.
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