February 8, 2009

Jobs Down, Stocks Up?

Larry Kudlow looks at the latest data (including growth in money) from the US and concludes
cheaper energy, bundles of new money creation, zero inflation, and no tax hikes could very well combine to produce a stronger economy as the year progresses -- to the great surprise of the majority of economic pundits. That may well be the message of Friday’s stock market rally, which shrugged off yesterday’s painful slide in jobs