Given the market gyrations, today may have to substitute for the regular gig : Today’s Kudlow & Company, is on CNBC today at 5pm. I’m scheduled to be on from 5:00 to 6:00 pm.
Scheduled to be on is a brave (and delusional) strategist who will argue there is no inflation.
We will obviously discuss the big market whackage today — Cramer is out calling a bottom as I type this.
Once again, should DEFINITELY be fun.
UPDATE: May 18, 2006 6:52am
Of course, I was the lightning rod. Kudlow was all over my ass. Did you expect any less? Would any of the perma-bulls remotely ever say, "Gee, you’ve been saying risk is increasing and we are due for a dislocation now — is this it?"
And what’s with Ben Stein’s 20 year Buy & Hold advice? How does that help investors to say wait 20 years for your returns? Let me remind you that if my 1966-82 parallel holds up, we could see negative real returns for the next 7 years (assuming we are in 1972/73 right about now).
Incidentally, add Mike Darda to the very short list of economic non-goats who are correct on inflation. I think he’s too bullish market wise for 2006, but at least his inflation forecasts are reality based.