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What Good is the News?
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Oct 07 2008 8:53pm EDT
Great Moments in Punditry, Kudlow Edition
Larry Kudlow, July 2007:
If you ask folks on Wall Street what their biggest worry is, most will say it's another 9-11. They rank another attack far ahead of passing sub-prime mortgage problems or wiggles in consumer spending...
I have long believed that stock markets are the best barometer of the health, wealth and security of a nation. And today's stock market message is an unmistakable vote of confidence for the president.
(Via Krugman)
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