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Kudlow to Malzberg: 'Economy Is Kind of Ambiguous and Ambivalent'

Kudlow & Co., LLC

By    |   Thursday, 06 July 2017 06:51 PM

Veteran economist Larry Kudlow told Newsmax TV's Steve Malzberg that the “economy is kind of ambiguous and ambivalent” on the eve of the big monthly jobs report.

The veteran financial guru and former Ronald Reagan adviser didn’t give a specific prediction for Friday's jobs data.

According to a Reuters survey of economists, non-farm payrolls likely increased by 179,000 last month after May's 138,000 gain. The unemployment rate is forecast unchanged at 4.3 percent.

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“I don't see any big changes one way or the other. We're still growing around 2 percent. It's hard to forecast these monthly jobs reports,” said the radio host of "The Larry Kudlow Show" and author of "JFK and the Reagan Revolution: A Secret History of American Prosperity," written with Brian Domitrovic and published by Portfolio.

“I don't expect any home runs. I don't expect any strikeouts either," he told Malzberg on YouTube.

"There's no evidence that the key component of business investment which leads directly to productivity and higher wages and better jobs that's not moving,” said Kudlow, a Newsmax Finance Insider, radio talk-show host and CNBC senior contributor.

“Business investment is not moving. And to me that means we should be much more urgent. Really light a fire under our efforts to get business tax cuts,” said Kudlow, who served as the Trump campaign's senior economic adviser.

He also once again reiterated his plan for enact corporate tax cuts, which he has touted in countless blogs and numerous TV appearances.

“What Steve Moore and I have been calling three easy pieces. Get the corporate rate down to 15 percent, immediate expensing of new equipment and the repatriation of the cash overseas, American cash overseas. Boom, boom, boom,” said Kudlow, who worked as Reagan’s budget deputy between 1981 and 1985.

(Newsmax wires services contributed to this report).

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Larry Kudlow told Steve Malzberg that the “economy is kind of ambiguous and ambivalent” on the eve of the big monthly jobs report.
Kudlow, Malzberg, Economy, Newsmax TV
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2017-51-06
Thursday, 06 July 2017 06:51 PM
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