Larry Kudlov: This is “Russia, Russia, Russia” – but in the economy

We are now used to political media that have been going on after Trump, with false accusations and erroneous conclusions.

But now the fake news has spread to economic and business media. And it’s really a pity.

Real economists and economic journalists recruit Trump, using tariffs as a stick to defeat it over your head.

Is like “Russia, Russia, Russia” story Now he came to economic lighting. And, remember, Russia Russia Russia actually turned out to be one great hoax.

Well, now it is “recession, recession, recession” – another hoax.

Tariffs will cause recession. Tariffs will cause inflation. Tariffs go through the stock market.

“Russia, Russia, Russia” – that’s what I read.

People need a filter to go through all this madness.

First of all, there is no recession.

In fact, John Karnya Breitbart notes that the labor market is actually stronger than the economists thought and Factory jobs return. The January Jolts report shows 30,000 new production jobs and 30,000 new manufacturing. The dismissal rate has increased. The S&P Global Manufacturing PMI has reached its best level since June 2022. In February, the employment report was solid.

Some usually reputable economists predicted the bulging February report CPI from the tariffs. But the tariffs have not yet been kicked out. And the report itself was lighter than expected, with the lowest number in a few months.

And corporate income, mother’s milk and a source of economy are still growing.

Bond yields and mortgage rates actually fall. The same is the same oil prices.

Former Finance Minister Stephen Mnuchin said “people are overcoming Trump’s policy” and he does not see a quick slowdown in the US economy.

Let my old friend quote. “I don’t think we will have a recession. I don’t think the worldview looks like we will have a recession,” He said another network.

I think he’s absolutely correct.

Short -term stock corrections come and leave. But Trump’s policy deeply growth.

It seeks to replenish the economy – with a reduction in taxes, deregulation, energy production and a Mutual trade policy.

If these politicians are fully acting, there is a strong potential for 3% and better, as well as reduced inflation.

And as for the tariffs, let’s retreat and see how this story will be in the next six to twelve months.

It may well be that Mr Trump, a large negotiator, will end with a much greater decrease in tariffs than increases.

And, in any case, his business and personal tax reduction, frankly, are much more important for our economic future.