Larry Kudlow says falling bond yields don't reflect the US economy's 'fundamentals'

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“This is a fundamentally very sound economy.” NEC Director Larry Kudlow discusses the strength of the U.S. economy under President Trump.

"I just think, in general, I would be very careful to put too much emphasis on what bond rates are doing, what interest rates are doing. Or even in the short, short run, the stock market," he said. "I think you have a lot of mood swings here and I don't think it reflects the fundamentals."

Though traders widely blamed the coronavirus for Friday's risk-off pivot, some suggested the record low on the 30-year bond represents a longer-term view that economic growth could be set for slower growth and that the Federal Reserve may not be equipped to remedy a slowdown. But Kudlow countered that the stock market's strong gains over the last 12 months are a sign of "business and consumer confidence" and a sign that corporate condition could remain healthy throughout 2020.

 

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oh boy ......just read the great crash of 1929......thats what they all said in the months leading up to it 😱😂

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Also Larry Kudlow: Feb. 15, 2008: 'No Recession'

And when does is nose start growing?

Its a fundamentally manipulated economy. If investors stop buying our bullsh*t, our economy and my job goes to the toilet.

OK

Remember when Trump got elected and the stock market crashed like they predicted it would.....

But actually it's declining

Everything’s booming! Sound fundamentals?! 🙄 Is this guy looking at the same data and market that I am? Just pull the QE and Repo and see how sound the fundamentals are.

Love how 2.5% under Trump is a miracle but 2% under Obama is a failure.

“2.5% growth rate over three years”, are you serious? Look, I’m glad the economy is growing and the market is up. However, we are far from the 3-4% we were promised during the campaign. Whats more, the 2018 tax overhaul was supoosed to be paid for once the US achieved 4% growth.

Dude looks like he's aged 10 years...

Larry sounds Drunk 🍸

Except the repo market can’t go a month without being pumped with liquidity....but yes. Very stable.

Sober?

😂😂

It’s being artificially propped up. Just stop with the propaganda.

Who totally missed the fall of the housing market?

The fundamentals are what helps you succeed when things like the CoronaVirus causes uncertainty. Hearing him speak he’s saying nothing! What’s the administration’s plan for dealing with this uncertainty. I get it. Wait for it to get warm so it goes away. Thanks for nothing!

If larry_kudlow believes the fundamentals look good then the plan must be for a TWO trillion dollar deficit for 2020...

No! Luck only last as long as you're lucky...then what? The market is yours when its performing great... Not yours when it's doing poorly? Kudlow not wall street Wiz kid... Just a loud mouth, pompous puppet, being pimped by trump!

Larry - no credibility - Kudlow says what?

Watching Kudlow live without a 1/2 speed YouTube feed was cringe worthy. jimcramer should have shut that interview down. drunkkudlow

Corona Virus about to gut punch the world economy. No joke.

Oh Klueless you must mean the fundamentals like this morning's data? Or the 20x forward PE of the market where we have an earnings recession?

There are no fundamentals. It massive debt spending monetized by the FED. While they lie about everything.

Have some more cocaine Larry

Kudlow look really worried in the face of positive spin

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