DOW down another 300 points and Larry Kudlow is still in denial!

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lendingmaestro_IHB

lendingmaestro_IHB

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WTF is wrong with this guy? Can anyone be this blindly moronic? He loads his show up with bullish idiots that regurgitate the same nonsensical rubbish that he himself spews out. He's been shouting from the heavens for 4 straight weeks that the financials have bottomed out, yet every week they get crushed. Every week they come out with more right downs. How does this bafoon stil have a TV show?





What is so un-American about admitting we are in (heading for a bigger) recession? Wouldn't he fare better by admitting the economic slowdown and advising his viewers how they can profit in a bear market? I find it hilarious that he is a staunch capitalist, yet he can only see the upward side of capitalism. When free markets pare back their earnings and take a much needed breather, he turns the other way.
 
<p>Answers -</p>

<p>1. He has his head up his butt.</p>

<p>2. Yes. He proves it daily.</p>

<p>3. Correct. Although he has Robert Reich on occasionally, and everybody yells at him.</p>

<p>4. "Can't go any lower!" Have we heard this somewhere before?</p>

<p>5. When everybody said they were kitchen sinking in Q4, all one had to do was look at some of the chartporn at calculated risk to know that wasn't true.</p>

<p>6. Ratings. He gets 'em. CNBC needs a counter to Fox for after market programing.</p>

<p>7. It ruins the "Greatest Story Never Told" and who'd let the facts get in the way of a good story?</p>

<p>8. No. The donkey permaBull and permaBush pepole who are the majority of the audience doesn't need a reality check. Thats what Maria Bartiromo does right before this on Closing Bell. They elect to ignore it.</p>

<p>9. All spin, all the time, anyone who disagrees is a terrorist. See a pattern?</p>

<p>10. Denial is a good thing. Look at the CA state budget. Of the 14 billion dollars in the curent deficit, 6 billion is from the regestraion fee rollback (car tax) and 3 billion is interest on the loan they took out to dig themselves out of getting rid of #1. Nobody wants to talk about that, because of course lowering taxes is always a revenue positive action, right?</p>

<p>lol larrykudlowaments</p>
 
I will not watch him. He askes his guests questions and interrupts them before they can finish their answer. That is rude.
 
I really like the chair in the photo above... It would be great in my home office/study...maybe he will sell it to me when he gets soaked in the market...
 
My pet theory applies to Kudlow and all of CNBC's "cheeleaders": As a "news" organization, NBC and it's parent General Electric, can't afford to be seen as influencing or moving markets, so they go to great efforts to portray things as good. If the market were to be spurred into a panic and one network was seen as instrumental in fostering that panic by being bearish/truthful/honest, they would quickly become the scapegoat that everyone pointed to when the dust settled. When your business depends on Federal licenses, contracts, and approval it would be fiscal suicide to expose your company to that sort of risk. At best, they will explain what happened, but none of their anchors are going to predict disaster...ever.
 
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