iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,452 Blog Posts

Larry of America Kudlow: “The Fed is Making a Huge Mistake”

Like all rational life forms on the planet earth, Larry of America Kudlow doesn’t understand why the Fed is committing to hiking rates “every quarter for the next 3 years.” World wide deflation has flung all markets into wheeled chairs and now Janet Yellen is taking those chairs and kicking them down a flight of stairs.

Larry posits: The Fed is operating on a model that hasn’t worked in 30 years and how the unemployment numbers aren’t accurate. Deflationary pressures, world wide, is the concern. Manhood aside, the Fed should be easing now.

“This is not the time to raise rates.”

Amen.

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12 comments

  1. stockslueth

    Fed – Horrible market timers.

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  2. gorby

    He was the original debt is good guy.Fucking idiot

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  3. edgar

    there is zero doubt the fed will make the s&p go up to new all time highs soon. it is the only thing they care about aside from blankfein’s bonus.

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  4. nocturne

    Good ol free market Larry wants a bailout.

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  5. Bullish

    Hi Fly! My balls have been castrated and left to dry up like raisins in the street.

    Our only hope is that Grandma Yellen has a stroke and Ben Bernanke will need to come back to fix the markets. Hope is all we have at this point!

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  6. frog

    Kudlow must care about most people on planet earth, rather than caring just about bankers who want rate hikes so they can hike the rates on your credit card. Clearly his point of view is not relevant to the Fed. The Fed is an association of bankers, not of people from planet earth. People like Blankfein who think they are “doing God’s work” and who thus must live in the celestial heights up above the earth where there is no stock market.

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  7. teslawasright

    Why do people act like the Fed doesn’t know what they are doing??

    They create these bubbles and malinvestment and this shit is all by design.

    The Queen said enjoy your last Christmas. This shit is over. The house of Saud and USD are in perilous conditions.

    Bye Bye Birdie

    Off to store salt in my earth home

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  8. piratesmile

    What’s not to like about Kudlow? I was at Bear Stearns when he was chief economist there. Smart guy but , just like every other economist I’ve ever heard, always took what he forecast with a grain of salt. He’s very engaging not an arrogant stuffed shirt like many of his peer group. I like that he’s calling out the Fed for doing what the Fed did in’29.

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