Kudlow: Possibility of a Mild Recession
On Kudlow's show Wednesday night, he admitted to the possibility of a mild recession. (UPDATE: see Kudlow 101: Recession Watch)
Some of the commentors around here bust on Larry. I am obviously biased, as he has been very kind and generous to me over the years. Even though we disagree about most things -- from the economy to politics to reading the market -- we do so in a good natured, non-Ben Steinian way. And I see the difference between his on-camera character (all bluss and blunder) and his off camera persona (a pussycat).
I perceive my role on the show as a reality based counter weight to the more hallucinogenic guests. And to be blunt, the show suffers when someone -- be it me, Kass, Herb, etc. -- does not fill that role.
But to the uninitiated, Larry can make you crazy. Back in the 1990s, most savvy players knew how to "read" analyst spin. Strong Buy = Buy, Hold = Sell, etc. Like back then, the secret is understanding how to translate from Larry-speak to modern English. Hence, to get the most out of Kudlow & Company, you need a language guide. Try using the following:>
The Modern Kudlow To Standard English Translation Guide
| Kudlowism | Modern Translation |
| “The Greatest Story Never Told” |
Early stages of a normal economic expansion |
| "Goldilocks Economy" |
Latter stages of expansion; cracks in the façade are beginning to show |
| “A possibility of Recession exists” |
The recession has already begun |
| “A Mild Recession” | We are in a broad and deep recession |
| “We are in a serious recession” | Stock up on canned food, bottled water and handgun ammo |
| “I don’t see how this can get any worse” | BUY! |
Friday, February 08, 2008 | 11:39 AM | Permalink
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Comments
Another one:
"There ain't no recession" = "The recession begins right around......NOW".
Seriously, look at the date of this call. Hilarious:
http://kudlowsmoneypolitics.blogspot.com/2007/12/kudlow-101-there-aint-no-recession.html
Posted by: E | Feb 8, 2008 11:56:26 AM
Larry is, first and foremost, a political animal - and looks at everything thru eco-conservative colored glasses. Practically faith-based in this respect. And hence not worthy of consideration. Enuf said.
Posted by: Ravi Masand | Feb 8, 2008 11:56:41 AM
Allmost all analyst I hear say we are now near or into a mild recession, only Kudlow was one of the last to say(found out) this
Posted by: semar | Feb 8, 2008 12:08:10 PM
I like the Kud, although he behaves like a spoiled brat most of the time.
He's really something out of a by-gone era....
Anyway, It must have been really hard for him to admit the possibility of a mild recession, which only means that we are in a severe one already.
Best regards,
Econolicious
Posted by: ECONOMISTA NON GRATA | Feb 8, 2008 12:09:59 PM
Or how about:
"At a bare minimum, we are looking at Goldilocks 2.0" = "Economic growth turned negative while I typed this".
http://corner.nationalreview.com/post/?q=NmVkNTdhNWNlM2FhYzU0MzE4YTY3N2VjZGY5OTA0ZDQ=
Posted by: E | Feb 8, 2008 12:14:47 PM
LOL... awesome
Posted by: Dave | Feb 8, 2008 12:17:37 PM
I like his show, but don't get to watch it very often any more. A repeat at a later time would allow me to DVR it for later. I don't care much for Fast Money. It's OK, but economics is more valuable than stock tips.
I also miss his blog. I developed my writing style there and honed some good economic insight. Wait 'till I tell you about my ass monkeys or sic one on somebody. It's not pretty.
About Ben Stein ... I am missing something. I only have a passing familiarity with him, but all I read seems pretty mild. Where do I find something that provokes good outrage?
Posted by: cinefoz | Feb 8, 2008 12:27:21 PM
When will people simply acknowledge that Kudlow has nothing whatsoever to do with economics and everything to do with Republican party propoganda.
Posted by: Bob A | Feb 8, 2008 12:30:39 PM
Last time I turned into Kudlow's show was back in November and that was only because he had Jimmy Rogers on as his guest. It wasn't a fair fight by any means, but it sure was funny watching Rogers just smoke poor Kuds.
Posted by: Florida | Feb 8, 2008 12:39:41 PM
I would prefer to see people being the same onstage and off if they want me to believe what they are saying....
And I've certainly had quite enough of faith-based politics.
Posted by: donna | Feb 8, 2008 12:42:03 PM
I watch the show most everynight. I would prefer if he kept the "brady box" panal down to 3. And then give his guests more time to speak. I do NOT take trading advice from it however. And my 2 favorite guests are of course, Mr. B.R. and Joe B. Funny post B.R. I have to agree with it.
Posted by: B.B. | Feb 8, 2008 12:53:03 PM
And yesterday he adds that well you might actually want to sell at some point but not until you've pretty much lost everything.
Posted by: Bob A | Feb 8, 2008 12:56:20 PM
O/T a bit,
Amoke(last thread)is right, Dennis Kneale=empty bank account. He really shouldn't be giving trading advice. He is currently the absolute worse on all the bobble head shows, cept for Crammers latest flip/flops.
Posted by: B.B. | Feb 8, 2008 12:59:33 PM
The question is, why do people even bother with Kudlow? Or Kramer? Or anybody who does anything other than tell us what is happening right now. Give us information, like you do, Barry. That's all the hell we need.
Rod
Posted by: Rod Roth | Feb 8, 2008 1:09:45 PM
You can't compare the two - Cramer is a brilliant and very successfull guy who goes a little nuts from time to time (OK, alot) whereas Dennis Kneale is a know-nothing nobody who reminds you he's an idiot every time he opens his mouth. Watching him argue (if you can call it that) with Rob Thompson this morning was a joke. Good thing this clown has a job at CNBC because I wouldn't hire him to flip hamburgers.
Posted by: drey | Feb 8, 2008 1:10:10 PM
Propaganda is what Kudlow spews. The problem is some believe him because they know not, and some because of dogma (and personal advantage). Either way it is a real problem. The know nots have an excuse, the believers in his dogma, will eventually get what they deserve, but they are trying desparately to take the country with them, and they have the media. Big problem.
Posted by: RetiredChemist | Feb 8, 2008 1:28:18 PM
Propaganda is what Kudlow spews. The problem is some believe him because they know not, and some because of dogma (and personal advantage). Either way it is a real problem. The know nots have an excuse, the believers in his dogma, will eventually get what they deserve, but they are trying desparately to take the country with them, and they have the media. Big problem.
Posted by: RetiredChemist | Feb 8, 2008 1:29:02 PM
Barry - you're a gentleman and a scholar as well as a nice guy despite being from Brooklyn but we won't tell anybody. More importantly you also know whose salt you've eaten.
Can you perform a similar service for Dennis Kneale or is he beyond redemption ?
My theory is that he was brought on to put somebody farther on the nutjob (sorry but accurate IMHO) right. He clearly has drunk deeply from the Forbes Koolaid.
Posted by: dblwyo | Feb 8, 2008 1:29:08 PM
Rod Roth:
I watch Kudlow sometimes. I watch it for comedic value. Like last night. He was trying to absolve the banks of any blame whatsoever in the sub-prime mess. Thankfully, Gasparino wasn't about to let Kudlow off the hook.
Posted by: Joe Klein's conscience | Feb 8, 2008 1:35:59 PM
"The personal strengths and weaknesses of a leader have nothing to do with the merits of his cause." ---- Roger Zelazny
Larry may be a decent human being, but deluding viewers with his Pollyanna views of what's going on in the economyu implies something less than a meritorious cause.
Posted by: Uncle Jeffy | Feb 8, 2008 1:43:05 PM
I wrote years ago that there was money to be made by simply doing the opposite of what Kudlow advises, but I never participated, as I just can't stomach watching him.
.
Posted by: VJ | Feb 8, 2008 2:00:06 PM
the greatest story never told: "we had the greatest credit bubble of all time and growth was fake in the last expansion." kudlow has got to say that when this is all said and done.
Posted by: Peter B | Feb 8, 2008 2:16:18 PM
Larry's behavior is unforgivable not because of his TV show but because of his NRO (National Review Online) articles. Those articles are pure political propoganda.
Posted by: Walker | Feb 8, 2008 2:22:08 PM
The Fed's Janet Yellen today said that she thought while the US economy would be slow for 2008, there would be no recession.
FWIW. That and $.85 will buy a package of Red Vines from a vending machine.
Posted by: muckdog | Feb 8, 2008 2:36:32 PM
Hell, I still have canned food ( chili and peaches ), ammo, and water from Y2K. Seriously, I bet there have been people trying to save their 401Ks, who have flushed their money right down the drain listening to these airheads. Thats real and permanent damage I can't overlook because of their enthusiasm or professional demeanor.
Posted by: Street Creds | Feb 8, 2008 3:09:07 PM
