Posted on Jun 16, 2022
Larry Kudlow: Here's the worst economic news today
2.03K
32
9
11
11
0
Yes, we know Fox News is right-wing. So What? We are talking finance and Economics. This is not Mein Kmapf but Biden's Kampf.
Did you know that it is a good thing that Economist Larry Kudlow and a liberal Economist like Larry Summers agree on the majority of things concerning Biden's Disaster and lack of focus on the Economy?
They can actually sit at the same table and agreed on economic principles that makes sense not the voodoo economics and Equity BS that this president tries to tell us at the same time he wants to raise our taxes and spend two more trillion dollars to make inflation even worse for the average person.
Democrat Economist Larry Summers was warning last year that this perfect storm was going to happen even before the stupid excuse of Vladimir Putin's prices. He put OP-Ed stories that some MSM did publish and now its here!
I keep laughing at 'the buck stops here' commercial that President Biden used during his election campaign which now contradicts what he's saying because he's blaming everybody but himself for all of the foxtrot up issues happening now that were mostly his doing before Putin and Putin is just a Turbocharger to make things worse.
Don't pass judgment on this article just because it's from Fox News because economics common sense is not just a republican thing, many Democrats believe in it. Maybe not the ones on TV and maybe not the ones that are hanging out with Bernie Sanders but someone like senator manchin of West Virginia and Senator Cinema Arizona do believe in it and I bet you many more do but they're too afraid of the left going out for them in the primaries.
Remember, Economist on both sides of the aisle warned president by that this was going to happen and now it's here!
Tax and spending your way out of a recession is not going to work because the trillions you threw into the economy is what's causing inflation even before Putin.
Inflation is:
Too much money chasing too few goods and lack of Supply caused by many issues including trying to destroy the fossil fuel industry on purpose. He pretends to say that he cares about high gas prices when he is political campaign promise 3 years ago and his latest statements in Tokyo validate his original point that he wants to get rid of the fossil fuel industry, I promise you! ( he said this in so many words more than once)
People are worrying and that's why the Cavalry is coming. Look what happened in Texas, a house seat that had been Democrat for 150 years was won by a Latino Republican.
Latinos don't vote rank-and-file for Democrats especially if their border counties that are getting overrun by illegal aliens.
Hey Leftist that want to insult me: don't use the racist card on me because my mother came here LEGALLY from Honduras in 1959. She applied at the American Embassy in Tegucigalpa.
She also had a master's degree in social work and she helped process thousands of illegal aliens and her decades-long service in Los Angeles working for United Way agency working from caseworker all the way to acting vice president.
So don't get your leftist tool box racist card because I'm just going to laugh you off....
Did you know that it is a good thing that Economist Larry Kudlow and a liberal Economist like Larry Summers agree on the majority of things concerning Biden's Disaster and lack of focus on the Economy?
They can actually sit at the same table and agreed on economic principles that makes sense not the voodoo economics and Equity BS that this president tries to tell us at the same time he wants to raise our taxes and spend two more trillion dollars to make inflation even worse for the average person.
Democrat Economist Larry Summers was warning last year that this perfect storm was going to happen even before the stupid excuse of Vladimir Putin's prices. He put OP-Ed stories that some MSM did publish and now its here!
I keep laughing at 'the buck stops here' commercial that President Biden used during his election campaign which now contradicts what he's saying because he's blaming everybody but himself for all of the foxtrot up issues happening now that were mostly his doing before Putin and Putin is just a Turbocharger to make things worse.
Don't pass judgment on this article just because it's from Fox News because economics common sense is not just a republican thing, many Democrats believe in it. Maybe not the ones on TV and maybe not the ones that are hanging out with Bernie Sanders but someone like senator manchin of West Virginia and Senator Cinema Arizona do believe in it and I bet you many more do but they're too afraid of the left going out for them in the primaries.
Remember, Economist on both sides of the aisle warned president by that this was going to happen and now it's here!
Tax and spending your way out of a recession is not going to work because the trillions you threw into the economy is what's causing inflation even before Putin.
Inflation is:
Too much money chasing too few goods and lack of Supply caused by many issues including trying to destroy the fossil fuel industry on purpose. He pretends to say that he cares about high gas prices when he is political campaign promise 3 years ago and his latest statements in Tokyo validate his original point that he wants to get rid of the fossil fuel industry, I promise you! ( he said this in so many words more than once)
People are worrying and that's why the Cavalry is coming. Look what happened in Texas, a house seat that had been Democrat for 150 years was won by a Latino Republican.
Latinos don't vote rank-and-file for Democrats especially if their border counties that are getting overrun by illegal aliens.
Hey Leftist that want to insult me: don't use the racist card on me because my mother came here LEGALLY from Honduras in 1959. She applied at the American Embassy in Tegucigalpa.
She also had a master's degree in social work and she helped process thousands of illegal aliens and her decades-long service in Los Angeles working for United Way agency working from caseworker all the way to acting vice president.
So don't get your leftist tool box racist card because I'm just going to laugh you off....
Larry Kudlow: Here's the worst economic news today
Posted from foxbusiness.com
Joe Biden
Economics
Economy
Public Administration
Future
Edited 2 y ago
Posted 2 y ago
Responses: 4
10
10
0
Larry Kudlow: There is probably no way out of this
FOX Business host Larry Kudlow reacts to the consumer price index report and calls out the White House shifting the blame to Vladimir Putin on 'Kudlow.' #Fox...
Thank you my friend LTC (Join to see) for posting the perspective from foxbusiness.com author Larry Kudlow; Here's the worst economic news today.
FOX Business host Larry Kudlow reacts to the consumer price index report and calls out the White House shifting the blame to Vladimir Putin on 'Kudlow.'
https://www.youtube.com/watch?v=3oKkZRC85yI
Bac kground from {[foxbusiness.com/media/larry-kudlow-worst-economic-news-today]}
Larry Kudlow voices his concerns over inflation
So, all eyes on the Fed today, which raised their target rate by 75 basis points as everyone expected, because they leaked it to the Wall Street Journal on Monday. Here's the worst economic news today.
Retail sales unexpectedly fell and the GDP tracker from the Atlanta Fed for the second quarter is now 0.0%. Remember, Q1 actual was -0.5%.
Are we in a recession? Could be... don't know yet, hut here's a mind-blowing quote from the Fed press release: "Overall economic activity appears to have picked up after edging down in the first quarter." So, somebody is wrong here.
Either falling retail sales from the Commerce Department are wrong or Jay Powell is wrong. They can't both be true. For the first time in my career, I'm betting on the Commerce Department.
Seaport Securities founder Teddy Weisberg and Carnivore Trading CEO Dutch Masters discuss whether markets have hit bottom and if a recession is imminent on 'The Claman Countdown.'video
Fed just admitted inflation is out of control, the market is about to roll over: Masters
Seaport Securities founder Teddy Weisberg and Carnivore Trading CEO Dutch Masters discuss whether markets have hit bottom and if a recession is imminent on 'The Claman Countdown.'
High inflation always ends in difficult recessions. This time around will be no different.
I don't know what the Fed is going to do in the months ahead, partly because the Fed doesn't know what it's going to do in the months ahead. Having completely missed the high inflation story, the Fed says inflation remains elevated, reflecting supply-and-demand imbalances related to the pandemic, higher energy prices and broader price pressures. I keep looking in their notes for the statement "we were wrong."
We ballooned the M2 money supply by 40%. We bought nearly two-thirds of the bonds sold by Biden's $2 trillion rescue package and that was a huge mistake and that's what's caused the inflation. I keep looking for that. I don't see it. So, I'm going to assume that this was some kind of immaculate miracle. We're going to call this "immaculate inflation." It had no real cause. It was just a gift from heaven, but it's not our fault, which leads me to nominate Jay Powell as the Joe Biden of the Federal Reserve.
The only thing missing is Powell so far hasn't blamed MAGA Trump for inflation, the way Biden does when he blames Trump and Vladimir Putin for all that ails the country.
I kind of like the New York Post editorial this morning: "Biden pumps out more economic baloney."
I think Jay Powell is pumping out some baloney himself. Were it up to me, I'd raise the Fed's target rate a full percentage point every meeting, until the actual inflation rate starts coming down significantly. I'd keep a sharp eye on gold and commodity indexes, to see if the true value of the dollar is rising.
INFLATION HITS FRESH 40-YEAR HIGH IN MAY WITH CONSUMER PRICES SURGING 8.6%
FYI LTC Trent KlugMAJ Wayne WickizerMSG Roy Cheever
PO2 Russell "Russ" Lincoln1SG Russell S.CPO William Glen (W.G.) Powell LTC (Join to see) SFC Boots Attaway PO3 Edward Riddle CPL Douglas Chrysler CPL Ronald Keyes Jr Sgt (Join to see) LTC Joe AndersonMGySgt (Join to see) SFC Ralph E Kelley COL Lisandro Murphy 1LT Voyle Smith Lt Col Charlie Brown Lt Col Scott Shuttleworth
FOX Business host Larry Kudlow reacts to the consumer price index report and calls out the White House shifting the blame to Vladimir Putin on 'Kudlow.'
https://www.youtube.com/watch?v=3oKkZRC85yI
Bac kground from {[foxbusiness.com/media/larry-kudlow-worst-economic-news-today]}
Larry Kudlow voices his concerns over inflation
So, all eyes on the Fed today, which raised their target rate by 75 basis points as everyone expected, because they leaked it to the Wall Street Journal on Monday. Here's the worst economic news today.
Retail sales unexpectedly fell and the GDP tracker from the Atlanta Fed for the second quarter is now 0.0%. Remember, Q1 actual was -0.5%.
Are we in a recession? Could be... don't know yet, hut here's a mind-blowing quote from the Fed press release: "Overall economic activity appears to have picked up after edging down in the first quarter." So, somebody is wrong here.
Either falling retail sales from the Commerce Department are wrong or Jay Powell is wrong. They can't both be true. For the first time in my career, I'm betting on the Commerce Department.
Seaport Securities founder Teddy Weisberg and Carnivore Trading CEO Dutch Masters discuss whether markets have hit bottom and if a recession is imminent on 'The Claman Countdown.'video
Fed just admitted inflation is out of control, the market is about to roll over: Masters
Seaport Securities founder Teddy Weisberg and Carnivore Trading CEO Dutch Masters discuss whether markets have hit bottom and if a recession is imminent on 'The Claman Countdown.'
High inflation always ends in difficult recessions. This time around will be no different.
I don't know what the Fed is going to do in the months ahead, partly because the Fed doesn't know what it's going to do in the months ahead. Having completely missed the high inflation story, the Fed says inflation remains elevated, reflecting supply-and-demand imbalances related to the pandemic, higher energy prices and broader price pressures. I keep looking in their notes for the statement "we were wrong."
We ballooned the M2 money supply by 40%. We bought nearly two-thirds of the bonds sold by Biden's $2 trillion rescue package and that was a huge mistake and that's what's caused the inflation. I keep looking for that. I don't see it. So, I'm going to assume that this was some kind of immaculate miracle. We're going to call this "immaculate inflation." It had no real cause. It was just a gift from heaven, but it's not our fault, which leads me to nominate Jay Powell as the Joe Biden of the Federal Reserve.
The only thing missing is Powell so far hasn't blamed MAGA Trump for inflation, the way Biden does when he blames Trump and Vladimir Putin for all that ails the country.
I kind of like the New York Post editorial this morning: "Biden pumps out more economic baloney."
I think Jay Powell is pumping out some baloney himself. Were it up to me, I'd raise the Fed's target rate a full percentage point every meeting, until the actual inflation rate starts coming down significantly. I'd keep a sharp eye on gold and commodity indexes, to see if the true value of the dollar is rising.
INFLATION HITS FRESH 40-YEAR HIGH IN MAY WITH CONSUMER PRICES SURGING 8.6%
FYI LTC Trent KlugMAJ Wayne WickizerMSG Roy Cheever
PO2 Russell "Russ" Lincoln1SG Russell S.CPO William Glen (W.G.) Powell LTC (Join to see) SFC Boots Attaway PO3 Edward Riddle CPL Douglas Chrysler CPL Ronald Keyes Jr Sgt (Join to see) LTC Joe AndersonMGySgt (Join to see) SFC Ralph E Kelley COL Lisandro Murphy 1LT Voyle Smith Lt Col Charlie Brown Lt Col Scott Shuttleworth
(10)
(0)
4
4
0
Buck Stops Here | Joe Biden For President
Join our campaign: http://www.joebiden.comFollow Joe!Joe’s Twitter: https://twitter.com/joebidenJoe’s Facebook: https://www.facebook.com/joebidenJoe’s Instag...
This Biden commercial for the lie because he blames everybody but himself.
https://youtu.be/ozzwMBvvUiA
LTC Stephen F.
https://youtu.be/ozzwMBvvUiA
LTC Stephen F.
(4)
(0)
Read This Next
Continue with Facebook 
Continue with Google