Mises Wire

Kudlowmania: Dow 13,000

Kudlowmania: Dow 13,000

The latest KudlowMania: 

  • “In no uncertain terms, this stock market surge signals the beginning of true economic recovery.” 
  • “Without any nasty external shocks to derail this forecast, the Dow Jones Industrial Average could reach 10,500 by the end of this year, 12,000 by the end of next year and over 13,000 by the end of 2005.” 
  • “Has there ever been a period of strengthened national security, lower tax rates and an expanding money supply that did not produce prosperity? Never.”

Note the reference to “strengthened national security.”

 

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