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Larry Kudlow says US has contained the Coronavirus and the economy is holding up nicely
CNBC ^ | 02/25/2020 | Fred Imbert

Posted on 02/25/2020 6:50:40 PM PST by SeekAndFind

National Economic Council Director Larry Kudlow tried on Tuesday to assuage concerns over the cornavirus and its impact on the U.S. economy.

“We have contained this. I won’t say [it’s] airtight, but it’s pretty close to airtight,” Kudlow told CNBC’s Kelly Evans on “The Exchange.” He added that, while the outbreak is a “human tragedy,” it will likely not be an “economic tragedy.”

“There will be some stumbles. We’re looking at numbers; it’s a little iffy,” Kudlow said. “But at the moment ... there’s no supply disruptions out there yet.”

Kudlow’s comments came as the stock market tanked for a second straight day amid worries that the coronavirus outbreak would lead to a prolonged global economic slowdown.

The Dow Jones Industrial Average was more than 700 points lower Tuesday, down 2.7%. On Monday, the 30-stock average had its worst day in two years, dropping more than 1,000 points.

Investors dumped equities in favor of U.S. Treasurys, which are traditionally seen as a safe haven during volatile stretches for the stock market. The benchmark 10-year Treasury yield dropped to 1.32% to reach an all-time low. The 30-year also traded at a record low. Yields move inversely to prices.

Still, Kudlow said the U.S. is “holding up nicely,” adding, “All I can do is look at the numbers.”

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: attaboy; chinavirusus; coronavirus; covid19; economy; kudlow; larrykudlow; sarscov2
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To: E. Pluribus Unum

LOL!


121 posted on 03/11/2020 8:24:41 PM PDT by NELSON111 (Congress: The Ralph Wolf and Sam Sheepdog s<how. Theater for sheep. My politics determines my "hero")
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To: BobL

How’s that market - lol. Maybe some people know what they are talking about - all the others on this thread - the ones - not so much


122 posted on 03/11/2020 8:26:27 PM PDT by NELSON111 (Congress: The Ralph Wolf and Sam Sheepdog s<how. Theater for sheep. My politics determines my "hero")
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To: NELSON111

“How’s that market”

Seems to be starting to price-in the new normal, although not halfway there yet. Tomorrow it will get closer to that halfway mark.


123 posted on 03/11/2020 8:38:43 PM PDT by BobL (If some people here don't want to prep for Coronavirus, they can explain it to their families)
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To: NELSON111

Hey Nelson, WHUT?

Dumbass.


124 posted on 03/12/2020 8:34:17 PM PDT by eyedigress ((Old storm chaser from the west))
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To: eyedigress
Yeah - who's the dumbass. I'm still short! LOL.

"Stock market looking pretty good to me!" - DJT - 24 February 2020 - Average person here: YIPPEE!!!!! BUY THE DIP!!!!!

ME: WHUT? I'm shorting it.

125 posted on 03/12/2020 8:58:32 PM PDT by NELSON111 (Congress: The Ralph Wolf and Sam Sheepdog s<how. Theater for sheep. My politics determines my "hero")
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To: NELSON111

Tell me where I posted that.


126 posted on 03/12/2020 9:14:51 PM PDT by eyedigress ((Old storm chaser from the west))
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To: NELSON111

It’s called walking it back.


127 posted on 03/12/2020 9:16:14 PM PDT by eyedigress ((Old storm chaser from the west))
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To: NELSON111

I’m waiting.......


128 posted on 03/12/2020 9:27:15 PM PDT by eyedigress ((Old storm chaser from the west))
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To: eyedigress
I didn't say you did. But many did. Don't worry - I have them all bookmarked for when the real bottom hits. NYC is shut down. Maor cities are shut down. The pain is just beginning. FED pumping in trillions - ain't helping.

Just like when we said closing were coming a couple of weeks ago and people said we were crazy - "NEVER in this country" - now - lockdowns will come. If you think states and local governments are just doing this on their own - you don't know how this works and you've never worked at the higher levels. I have - and the pain is just starting. We have a few months of pain yet to go - at least two - but probably three or more.

129 posted on 03/12/2020 9:27:16 PM PDT by NELSON111 (Congress: The Ralph Wolf and Sam Sheepdog s<how. Theater for sheep. My politics determines my "hero")
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To: eyedigress

Now you’re bookmarked


130 posted on 03/12/2020 9:27:42 PM PDT by NELSON111 (Congress: The Ralph Wolf and Sam Sheepdog s<how. Theater for sheep. My politics determines my "hero")
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To: NELSON111

Lack of reading comprehension is one of my major pet peeves.

You must be a millennial.


131 posted on 03/12/2020 9:29:37 PM PDT by eyedigress ((Old storm chaser from the west))
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To: lodi90

Should be some bargains on international airfares. I know during SARS airlines were practically giving away tickets.

==

Have you booked yours, yet?

To Italy, by chance? I hear there are some GREAT deals, there. China, too.

:- /


132 posted on 03/12/2020 9:36:25 PM PDT by Jane Long (Praise God, from whom ALL blessings flow.cuase)
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To: NELSON111
I didn't say you did.

Larry Kudlow says US has contained the Coronavirus and the economy is holding up nicely
3/11/2020, 11:24:25 PM · 120 of 131


NELSON111 to eyedigress >>>I had a huge pile of cash. I put 25% of it into the market today.
LOL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

That is SOOOOOOO FUNNNNNNNNNNNYYYYYYYYY


You know - because you couldn't recognize what was really happening and all. After all - it was pretty freaking obvious (and yes - I shorted on the 24th and am still short)

Good, don't lie here.

133 posted on 03/12/2020 9:38:26 PM PDT by eyedigress ((Old storm chaser from the west))
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To: NELSON111

If you need after school help on just who said that, ask somebody who gives a #uck.


134 posted on 03/12/2020 9:43:26 PM PDT by eyedigress ((Old storm chaser from the west))
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To: eyedigress

Awe - you mad because all your money burning up? Hey - put more money in - you’ll be FINE! ;-)


135 posted on 03/12/2020 10:10:25 PM PDT by NELSON111 (Congress: The Ralph Wolf and Sam Sheepdog s<how. Theater for sheep. My politics determines my "hero")
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