Contrarian

Indicator?

Kudlow: 'Recession is so far in the distance I can't see it'

Top White House economic adviser Larry Kudlow on Tuesday dismissed talk of a potential recession on the horizon, saying he doesn't see a slowdown happening anytime soon. 

"The basic economy has reawakened and it's gonna stay there," Kudlow told reporters at the White House. "I mean, I'm reading some of the weirdest stuff, how a recession is around the corner — nonsense."

DYI:  Larry Kudlow’s track record as a financial forecaster is so poor he has become unto himself a contrarian indicator increasing  the possibility of recession in 2019 has just increased a notch after his pronouncement.  So far the only shoe that has dropped is increasing credit spreads between high yield bonds as compared to same maturity paying Treasury notes or bonds.  The rest of DYI’s indicators remain positive but have been degrading over the past 6 months. 

DYI