Thursday, August 16, 2007

Larry Kudlow on the Credit Crunch

"The financial liquidity squeeze triggered by the sub-prime virus is a very difficult near-term problem.

"While the credit power outage is a big problem, the Fed and Congress could provide the key solutions. But the economy is not dead. Not by a long shot," according to Kudlow.

Larry wants the Fed to start cutting interest rates after over a dozen rate hikes, and I agree with him.

Read the whole thing.

No comments: