Back in the studio for the regular appearance with Kudlow tonite.
The topics will be Housing, The Markets, Sentiment, Earnings, and of course, the Fed.
I’m scheduled to be on from 5:00 to 5:30 pm — tonite will be the grudge match on jobs between Ed Yardeni and myself.
Should be rather interesting.
UPDATE August 3 2006 7:12 pm
It was 2 on 1 tonite, but I think I acquited myself okay.
I think what Doc Yardeni has been focusing on is the Business side of things, which has been very strong. On the other hand, the consumer side is weak.
His data on wages salary and benefits is skewed by the top few percent. If you look at the median, its different than the average.
Lastly, let’s look at the "wisdom of crowds." Why is there so much negative sentiment amongst so much of the country? People are clearly concerned about sonmething — I guess the entire country is delusional as to their own financial situation . . .