I occasionally hear Kudlow discuss gold
more like passing comments, since he doesnt discuss the topic much at all
he regards rising gold price as an indication of future price inflation
but then he turns incorrectly to the CPI and concludes that inflation is "nowhere in sight"
he doesnt even see the Asian import price threat on the horizon, which is like AN EFFING FREIGHT TRAIN heading our way
Japan, Taiwan, Korea, Singapore, Malaysia, Thailand can all rise in currency, even while China remains pegged fixed
he overlooks the bond market, the real estate sector, and the tech stocks
KUDLOW IS A VERIFIABLE DUNCE
when he mentions gold, he does not cover much of any of the 25 reasons I cited last year in my first article
he does mention that shorterm rates are low
but never says we have "negative real rates"
Kudlow is a supply sider with very shallow tendencies
who is a dyed in the wool believer in federal and monetary stimulus
when he was confronted by Bill Sullivan of Morgan Stanley last week on the broken business cycle, and the associated leakage of jobs, Kudlow totally ignored all Sully said, and repeated his shallow stupidity, claiming that jobs will be forthcoming
the only bigger moron out there than Kudlow is Cramer
/ jim |
