Larry Kudlow done most of his life? He's
been a TV personality like Trump. Yes
he has worked at Bear Sterns for a
while but most
people know him from CNBC as a commentator
and he has a lot of connections, he's
regarded on Wall Street and I think this
is the president trying to make that
overture. This is all about show remember
he's a showman.
I think that Kudlow
is ultimately going to come out in
support of whatever tariffs the
president wants to adopt. Maybe
they'll pretend that Kudlow had some
influence on maybe targeting the tariffs
in the right direction.
Nothing has changed
simply because Larry Kudlow has been has
been nominated. It simply to me
indicates a kind of a smart move on the
part of the President given the agenda
that he wants to pursue.
Even with today's bad
economic data even with the downward
revision by the Atlanta Fed the US Dollar
was up slightly today. Gold was flat, it didn't really go anywhere. Nobody really perceives what's going to
Instead of getting a rebound we got another drop, we got another point one percent decline in February. That's a trifecta, that's three months in a row of falling retail sales. That hasn't happened in six years, I mean this is pretty rare. If you're like me and you've been very skeptical of the economy being good this is a validation because Americans are broke!
nothing like gold despite the fact that
you have all this terminology that
was deliberately used to make
it sound like gold. You mine
Bitcoin, right? No, there's no mines, there's no pitchforks
there's nobody out there, there's no mine right? But you create
them but they said it's mining and
there's miners to make it sound like gold. They make the Bitcoin
look like gold, it's color it
looks like a coin made of gold. That's done for a reason. To create
the false impression that you're buying
something like gold.
The bigger story is gonna be the
money that's lost. There's gonna
be so many people that are gonna lose a
tremendous amount of money in these
crypto currencies. There's a pretty good chance that we've
seen the peak in the bubble already.