This is going to come as a shock to most people but Larry Kudlow stepped up to the plate today and hit pitch right out of the ballpark.

"Just let it rip, for heaven’s sake", says Kudlow of U.S. economy as he Warns the Fed Against Hiking Too Fast.


Yes, perfect. With that statement, Kudlow laid the groundwork for Trump to blame the Fed for hiking too fast when the next recession hits.

He made the statement in an hour-long interview on CNBC. That's more perfection for you.

Camera Proven

The Boston Herald accurately noted yesterday that Kudlow is Camera-Proven.

Kudlow's Track Record

I have still more perfection for you. I talked about it yesterday with an analysis of Kudlow's Economic Forecasting Credentials.

  1. Bubble Spotting: In 2005, he said “all the bubbleheads” looking for a housing-price crash in Las Vegas and Naples, Florida, and the wider economy, would be proven wrong.
  2. Bubble Spotting: In December 2007, the month the National Bureau of Economic Research later dated the start of the recession, he was arguing there was no recession and that the “Bush boom continues.”
  3. Inflation Alarm: In 2010 he predicted Yellen is Spellin' Future Inflation.
  4. Oil: In 2014 he argued lower oil prices are unambiguously good.
  5. Five Percent GDP: In 2015 , echoing Trump, he said the U.S. should have a 5 percent growth target,
  6. Recession: In 2016, Kudlow predicted a business recession looms.
  7. Tax Cut: In December, he said Trump’s tax overhaul will lead to 3 percent to 4 percent growth,
  8. Growth Angels: In December, he said the president is on the side of the “growth angels.
  9. Long-Term Interest Rates: In February, he said that a recovering economy could push long-term interest rates beyond 3.5 percent
  10. Stock Market: He predicted the stock market would go up if Trump was elected.

Record Synopsis

Kudlow is 1-10. Point 9 is unknown. Let's also add that Kudlow said "I Would Buy The Dollar And Sell Gold".

Clearly, that's sheer brilliance as the following chart shows.


Image placeholder title

Brilliant? Of course. Kudlow is 9 out of 10 for what Wall Street wants to hear!

Strike that, counting gold, he is an amazing 10 out of 11.

Tut Tut

Some of you will no doubt point out that 10 out of 11 is not perfect.

To that I say "tut tut".

Harsh words indeed, especially from me.

ButTrump is only concerned about points 7 thru 10. Kudlow is a perfect 4 for 4. That's what matters.

Measuring in Eyes of Beholder

  1. We must not measure things as they are.
  2. Nor should we measure things as they should be and what it takes to get there.
  3. Rather we must measure things from the perspective of what Trump wants to hear!

Beyond Perfection

The fact that Kudlow is camera-proven and willing to say anything Trump wants to hear is a step above perfection.

Mathematically that is impossible, but once again, one must view this through the eyes of Trump where forces of nature and math do not prevail.

Mike "Mish" Shedlock

Kudlow's Economic Forecasting Credentials

Gary Cohn is gone. Larry Kudlow will be Trump's top economic advisor. Let's have a look at Kudlow's track record.

Trump's Ignores Advisors, Doubles Down on Failed Policies, Kudlow Won't Comment

Despite all losses and no wins, Trump refuses to change his tariff policy. He is now a one-man show.

"No Recession in Sight": Translating Trump and Kudlow

President Trump and his economic advisor Larry Kudlow have important announcements. I can help with translations.

Free Trade Avocate Gary Cohn Resigns as Trump's Economic Advisor

Gary Cohn has had enough of Trump's tariff policies. He resigned today.

Kudlow Admits the Obvious: Trump is Wrong

It's not easy to openly accuse your boss of being wrong, especially in politics. Trump's economic advisor just did.

Trump Discusses Firing Fed Chair Jerome Powell: Can He? Sure!

Trump is extremely displeased with Powell's rate hikes. Trump has asked advisors if he can fire Powell. Watch out.

Trade Lie of the Day: Kudlow Claims US Exports to China Will Double

Round one of the US-China trade deal is allegedly "absolutely done". Let's investigate that and other claims.

Mortgages: A Perfect Use for Blockchain

There are excellent uses for blockchain. Here's one I proposed years ago that is now in media discussion today.

UK High School Student Asks Mish About "Life As an Investment Advisor"

Reader John Tan from the UK asks about my passion for economics and life as an investment advisor.