"Look, it's STILL floating, guess we didn't need to leave..."
Posted on 12/31/2009 12:08:55 PM PST by blam
The 2010 Economy Will Boom Thanks To Free-Market Capitalism
Larry Kudlow
Dec. 31, 2009, 10:20 AM
Despite the historic expansion of the federal government’s involvement in, intervention in, and control of the economy -- including Bailout Nation; takeovers of banks, car companies, insurance firms, Fannie, Freddie, AIG, GM, Chrysler, and GMAC; large-scale tax threats; overregulation; an attempted takeover of the health-care sector; ultra-easy money; a declining dollar; and unprecedented spending and debt creation -- despite all the things that would be expected to destroy the economy -- all this socialism lite and the degrading of incentives and rewards for success -- despite all this, the U.S. economy has not been destroyed.
In fact, it is coming back. In 2009, the stock market had one of its greatest rebounds in history. And in 2010, we’re likely to witness a mini boom in economic growth.
{snip}
Read the full column at Kudlow's Money Politic$ -->
(Excerpt) Read more at businessinsider.com ...
One wonders of they’ll blame George Bush if there’s a recovery.
IMHO
Looks like Larry’s fallen off the wagon...
They are talking about CHINA, right?!?
Now if only we were in a country where free market capitalism was practiced.
Sometimes he just can't see that the light at the end of the tunnel is a train!
Stock-Markets / India
Dec 31, 2009 - 07:09 AM
By: G Abraham
India is 1/10 th the size of US economy and EU economy and yet holds far more promise and resillience than both these economies combined. While the world focuses on Chinese growth albeit with skepticism and caution at the numbers being thrown out, no such aspersions have ever been cast at India. Indian growth has been a transparent and extremely well led, consumer and infra story.
[snip]
Where is the Free-Market Capitalism in America?
The communist 0bozo is busy taking over up to massive 60% of the US economy already.
After three years of Rescission, we must hope and pray that our economy recovers in 2010.
Spending many years looking at many analysts for market direction—up or down for the forseeable future, all I can say is that Larry Kudlow is on my 100% respected list.
Overwhelmingly, more often right than wrong. Great Analyst.
New taxes, heavier regulations and huge government debt spending says there will be no recovery. We do not have one now.
So from the Obama Administration's point of view, it's a two-for-one...
"Look, it's STILL floating, guess we didn't need to leave..."
“Looks like Larry’s fallen off the wagon...”
Yeah I guess he started his New Year’s celebration early...
I don’t think he understands “carry trading”. Further, the stock market is merely a projection of future performance. It guarantees nothing.
The real economy (other than government spending) is still deep in the doldrums.
If it does manage to squeak by; taxes will kill it.
The ‘progressive’ intervention or directing money to nonproduction will not allow growth let alone any resemblance of ‘recovery’.
Welcome to the new normal.
Corporatism or central planning (an economy directed by the ‘invisible hand of the government’ -Obama)
There was a similar stock market rally just before the great depression. I believe that things are going to get much worse.....and I’m a positive thinking person.
Yep....things will positively get worse.
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