The champion of stock market bulls these days is thrice-married buffoon Larry Kudlow, who – – whenever the market is falling – – is rolled out to utter some kind of banal bromide to calm everyone down and convince them to keeping buying equities, irrespective of valuation metrics. And, frankly, it keeps working. Last week during a big morning selloff, Kudlow saved with one word: “glitch.” He completely dispatched a raft of valid economic data by shrugging it off as a glitch, and markets went soaring.
Personally, I think Larry Kudlow is an amoral, feckless nimrod. But allow me to use history, and not just my own debased opinion, as evidence. I present to you some gems of Larry’s past, just so we can see how prescient this chap really is.
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