The only thing more amazing than how often Larry Kudlow's predictions are dead wrong is that he keeps making them.
March 1993: Clinton's taxes will ruin the economy. (90's economic boom)
1/
February 2000: Things will pick up again. Not even Greenspan can stop this internet economy. (Internet bubble burst)
June 2002: War will elevate the stock market by 2000 points. (Down 1000 over next year)
December 2007: There's no recession coming. (There was)
2/
April 2008: Recessions are therapeutic. There's no credit crunch. It's very good. (It wasn't)
July 2008: The housing market is healthier than ever. (Nope. Collapsed within weeks)
3/
August 2015: Trump's anti-growth policies will crash the markets. (Extended longest bull run in history)
December 2016: Wealthy folks have no need to steal or engage in corruption. (Record corruption and turnover among Trump appointees)
4/
June 2018: The deficit is falling rapidly. (It. Has. Skyrocketed.)
March 2020: Coronavorus outbreak is a short-term economic hurdle. (TBD)
Yesterday: "We'll come out if this soon."
5/
If you flipped a coin, you'd have considerably better outcomes predicting markets than the Director of the National Economic Council.
6/
If he predicted the coin would come up heads, you could bet everything you own on it being tails... or on the coin flying off into space while the economy entered another recession he assured us wouldn't happen.
END/ #LarryKudlow #COVID19
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.