Allstocks.com's Bulletin Board Post New Topic  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Off-Topic Post, Non Stock Talk » Larry Kudlow

 - UBBFriend: Email this page to someone!    
Author Topic: Larry Kudlow
glassman
Member


Icon 1 posted      Profile for glassman     Send New Private Message       Edit/Delete Post   Reply With Quote 
poor guy seems confused these days...

he's happy the market is going up but he hates the reason it is recovering.... LOL...

--------------------
Don't envy the happiness of those who live in a fool's paradise.

Posts: 36378 | From: USA | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
glassman
Member


Icon 1 posted      Profile for glassman     Send New Private Message       Edit/Delete Post   Reply With Quote 
LOL, he just lit a dollar bill on fire right on TV...

that used to be a crime... now it's a joke [Big Grin]

--------------------
Don't envy the happiness of those who live in a fool's paradise.

Posts: 36378 | From: USA | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
glassman
Member


Icon 1 posted      Profile for glassman     Send New Private Message       Edit/Delete Post   Reply With Quote 
hmmmmm... it still illegal i think:

United States Code
TITLE 18 - CRIMES AND CRIMINAL PROCEDURE
PART I - CRIMES
CHAPTER 17 - COINS AND CURRENCY
333. Mutilation of national bank obligations

?Whoever mutilates, cuts, defaces, disfigures, or perforates, or
unites or cements together, or does any other thing to any bank bill,
draft, note, or other evidence of debt issued by any national banking
association, or Federal Reserve bank, or the Federal Reserve System,
with intent to render such bank bill, draft, note, or other evidence
of debt unfit to be reissued, shall be fined under this title or
imprisoned not more than six months, or both.?
FINDLAW


--------------------
Don't envy the happiness of those who live in a fool's paradise.

Posts: 36378 | From: USA | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
glassman
Member


Icon 1 posted      Profile for glassman     Send New Private Message       Edit/Delete Post   Reply With Quote 
Kudlow is upset that the value of the dollar is going to tank...

he blames the treasury.

i blame our trade policy with China primarily, secondarily it's also affected by the heavy importation of oil

if China had raised the value of their currency? we wold not be in this position.

the strength of the dollar is based on productivity of the US labor force and as long as people can buy foreign goods at less than half the price of indigenous goods? then the dollar has to drop.. it is inevitable no matter how "good" or "bad" the economy is....

"protectionism" or devaluation of the currency, those are the options...

china can print more money to try to keep their value down if they wish, in which case it is a race to the bottom.

--------------------
Don't envy the happiness of those who live in a fool's paradise.

Posts: 36378 | From: USA | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
Relentless.
Member


Icon 1 posted      Profile for Relentless.     Send New Private Message       Edit/Delete Post   Reply With Quote 
The reverse split is coming soon I fear.
Posts: 2965 | Registered: Aug 2005  |  IP: Logged | Report this post to a Moderator
Relentless.
Member


Icon 1 posted      Profile for Relentless.     Send New Private Message       Edit/Delete Post   Reply With Quote 
http://en.rian.ru/russia/20090318/120627306.html
And that would be it.... Leaping right past regional currencies like the suspected "Amero" and right into a global one.

Posts: 2965 | Registered: Aug 2005  |  IP: Logged | Report this post to a Moderator
glassman
Member


Icon 1 posted      Profile for glassman     Send New Private Message       Edit/Delete Post   Reply With Quote 
hmmmmm....

"We believe it is necessary to consider the IMF's role in this process and also define the possibility and the need to adopt measures allowing for Special Drawing Rights (SDRs) to become an internationally recognized super-reserve currency," Russia's proposals read.

the IMF is a skunk's nest

--------------------
Don't envy the happiness of those who live in a fool's paradise.

Posts: 36378 | From: USA | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
Propertymanager
Member


Rate Member
Icon 1 posted      Profile for Propertymanager     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
poor guy seems confused these days...

he's happy the market is going up but he hates the reason it is recovering.... LOL...

The market is not recovering. It's just a bear market (sucker's) rally before the next leg down - WAY DOWN!

Our currency is in great danger and we could easily see hyperinflation. $5 per gallon gasoline anyone?

Posts: 1577 | From: Ohio | Registered: Oct 2007  |  IP: Logged | Report this post to a Moderator
glassman
Member


Icon 1 posted      Profile for glassman     Send New Private Message       Edit/Delete Post   Reply With Quote 
hyperinfaltion of costs, is what we had over the last five years leading up to this crisis.

the reason it was never calssified as strong infaltion is because real wages dropped while prices of homes and everything else increased...

in order to have inflation? you MUST have an increase in wages.

the FED raised interests rates in order to "control" the inflation that we had, and the mortgage market folded like a cheap lawn chair...

as for the market recovering or not? it doesn't matter Larry was happy about it, but still upset.

all of CNBC just complains cuz Washington is now the center of the financial universe...

well that's what happens when NYC FAILS!

--------------------
Don't envy the happiness of those who live in a fool's paradise.

Posts: 36378 | From: USA | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
glassman
Member


Icon 1 posted      Profile for glassman     Send New Private Message       Edit/Delete Post   Reply With Quote 
Larry Kudlow: another "conservative" mouthpeice who would be funny if he wasn't in a serious business...

Kudlow began his career as a Staff Economist at the Federal Reserve Bank of New York. He worked in a division of that bank that handled open market operations, which involve buying and selling bonds to help control inflation and interest rates. In 1976, when he was still a Democrat he worked on the U.S. Senate campaign of Daniel Patrick Moynihan along with Tim Russert against Conservative Party incumbent James L. Buckley, brother of William F. Buckley, Jr.

During the first term of the Reagan administration (1981-1985), Kudlow served as Associate Director for Economics and Planning in the Office of Management and Budget (OMB), which belongs to the Executive Office of the President. While he worked at the OMB, Kudlow was also the Washington, DC, reporter of CNN's news program Business Morning, and an Advisory Committee member of the Federal Home Loan Mortgage Corporation, more commonly known as Freddie Mac.



smewher he did a major trunaround huh? LOL...

here it is:

In 1987 Kudlow was hired by Bear, Stearns & Company as their chief economist and senior managing director. He was fired in 1994 after his out-of-control drug use resulted in him missing an important client presentation.[4] He also served as an economic counsel to A.B. Laffer & Associates, which is the San Diego, California, company of Arthur Laffer, a major supply-side economist and purported creator of the Laffer curve, an economic theory tying lower taxation levels to increased government revenues, at least at some taxation rates.

He was a member of the board of directors of Empower America, a supply-side economics organization founded in 1993 and merged in 2004 with the Citizens for a Sound Economy to form FreedomWorks. Kudlow is also consulting chief economist for American Skandia Life Assurance, Inc., in Connecticut, a subsidiary of insurance giant Prudential Financial.



http://en.wikipedia.org/wiki/Lawrence_Kudlow

ooohhhh.... fired for what?
from whoooo?
bear sterns?
i seem to remember some co with that name... whatever happened to them anyway? [Razz]
too bad they let him on the air.. of course, limbugger proved that drug abuse is popular with conservative too didn't he? [Big Grin]

i had no idea he was a flip-flopper... i only looked him up to see if he is a log cabin republican or not [Razz]

--------------------
Don't envy the happiness of those who live in a fool's paradise.

Posts: 36378 | From: USA | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2019 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share