jimnyc
01-25-2019, 11:06 AM
“I’m a big fan of money. I like it, I use it, I have a little. I keep it in a jar on top of my refrigerator. I’d like to put more in that jar. That’s where you come in.” - Adam Sandler
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Larry Kudlow: We're Hottest Economy in World
White House economic adviser Larry Kudlow says recent indicators for the U.S. economy show that America is the "hottest economy" in the world.
The veteran financial guru and former Ronald Reagan adviser also predicted the next monthly unemployment report could shock naysayers.
Kudlow said the economy will snap back from any "glitch" created by partial government shutdown.
“We're the hottest economy in the world. Nothing has changed,” Kudlow told Fox Business Network when asked how the government shutdown could hurt economic growth.
Kudlow, assistant to the president for economic policy and director of the White House’s National Economic Council, pointed to a litany of strong economic data. Among them, filings for U.S. unemployment benefits fell last week to the lowest level since 1969, signaling the labor market remains tight despite the partial federal-government shutdown, Bloomberg reported.
Jobless claims declined 13,000 to 199,000 in the week ended Jan. 19, bucking economist forecasts for an increase, Labor Department figures showed Thursday. The four-week average, a less-volatile measure, decreased to 215,000, the lowest since early November.
The jobless-claims drop likely signals another blowout month for the next monthly unemployment report despite the prolonged government shutdown, Kudlow said.
“It suggests very strongly that the jobs report for January will be up,” Kudlow told FBN. “And it may be up a significant amount,” he predicted.
To be sure, job creation ended 2018 on a powerful note, with nonfarm payrolls surging by 312,000.
“We're the hottest economy in the world. Trillions of dollars are flowing here and building new plants and equipment," said Kudlow, who served as the Trump campaign's senior economic adviser.
Rest - https://www.newsmax.com/finance/streettalk/kudlow-hottest-economy-world/2019/01/24/id/899678/
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Larry Kudlow: We're Hottest Economy in World
White House economic adviser Larry Kudlow says recent indicators for the U.S. economy show that America is the "hottest economy" in the world.
The veteran financial guru and former Ronald Reagan adviser also predicted the next monthly unemployment report could shock naysayers.
Kudlow said the economy will snap back from any "glitch" created by partial government shutdown.
“We're the hottest economy in the world. Nothing has changed,” Kudlow told Fox Business Network when asked how the government shutdown could hurt economic growth.
Kudlow, assistant to the president for economic policy and director of the White House’s National Economic Council, pointed to a litany of strong economic data. Among them, filings for U.S. unemployment benefits fell last week to the lowest level since 1969, signaling the labor market remains tight despite the partial federal-government shutdown, Bloomberg reported.
Jobless claims declined 13,000 to 199,000 in the week ended Jan. 19, bucking economist forecasts for an increase, Labor Department figures showed Thursday. The four-week average, a less-volatile measure, decreased to 215,000, the lowest since early November.
The jobless-claims drop likely signals another blowout month for the next monthly unemployment report despite the prolonged government shutdown, Kudlow said.
“It suggests very strongly that the jobs report for January will be up,” Kudlow told FBN. “And it may be up a significant amount,” he predicted.
To be sure, job creation ended 2018 on a powerful note, with nonfarm payrolls surging by 312,000.
“We're the hottest economy in the world. Trillions of dollars are flowing here and building new plants and equipment," said Kudlow, who served as the Trump campaign's senior economic adviser.
Rest - https://www.newsmax.com/finance/streettalk/kudlow-hottest-economy-world/2019/01/24/id/899678/