A quick heads up:
I will be on Kudlow & Company tonite at 5:00 pm. Its for at least two segments of the show, discussing Holiday shopping, Energy, the Economy and this rally.
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UPDATE Novermber 28, 2005 7:55PM
How surprising was Larry’s mixed outlook on the holiday season? He never ceases to amaze — I thought for sure he was going to lock onto the Bullish data, flawed though it was.
I wish we had more time to go into the Border, Energy, and Tax issues post Allan Hubbard. Once again, the producers were chirping in my ear ("You have 10 seconds!") I don’t know how people do entire newscasts with someone feeding them info — its disconcerting to think and speak AND digest that additional auditory input.
I didn’t get to the Visa credit card data, but I will get a post up on it shortly . . .
I saw a couple of segments via tivo, skipping past the Hubbard part. I noticed that everyone seemed keen to keep cap gains and dividend taxes low, and that nobody wanted VAT. So I was wondering, how does Wall Street expect D.C. to fix the deficit? Somebody’s taxes have to go up, because there’s no way that spending is coming down much.