The Recession Debate Is Over [Larry Kudlow]
There ain’t no recession.
Today’s ADP private jobs survey of 189,000 could produce a 200,000 non-farm payroll job gain for November. I don’t know — these wacky BLS numbers are subject to huge revisions. But the ADP was a huge number. In fact, jobs seem to be picking up major steam from their August low, rising in September and October. And now I’m expecting a good increase in November to be reported by the BLS this Friday.
Plus, profits are stronger than people seem to understand. The ISMs are fine. Productivity, reported out today, soared to over 6 percent annually in the third quarter. That’s the best number in four months for output per person.
On top of that, business inflation is zero. Flat. Nada.
The recession debate is over. It’s not gonna happen. Time to move on.
At a bare minimum, we are looking at Goldilocks 2.0. (And that’s a minimum). The Bush boom is alive and well. It’s finishing up its sixth splendid year with many more years to come.
THE DEMS DON'T HAVE A LOT OF GOOD OPTIONS:
- AND THE ECONOMY IS SOUND.
HMMMM... DOES THAT LEAVE THEM ANYTHING??? I THINK NOT:
- THE HEALTHCARE/HEALTH INSURANCE "CRISIS" IS A LOT OF BS.
- IMMIGRATION DOESN'T CUT THEIR WAY - THE PUBLIC WANTS ILLEGAL IMMIGRATION HALTED BEFORE WE MAKE ANY OTHER "INNOVATION."
- THE ENERGY ISSUES WON'T WORK FOR THEM BECAUSE THEY OPPOSE THE SIMPLEST AND BEST SOLUTIONS TO THE ENERGY COST CRUNCH - MORE EXPLORATION AND USE OF COAL AND NUCLEAR.
I THINK THAT THE DEMS ARE UP CRIT SHEEK WITHOUT A POODLE. AND THEIR BOAT HAS A LEAK...
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