Some notable quotes from Friday night’s Kudlow & Company: Good News for the Greenback?: We’ve had a string of Fed governors finally come out and say that they’re uncomfortable with the level of inflation. When you get a plethora of these guys out there all saying the same thing, they’re sending a strong message. They’re saying we’re uncomfortable, and we may not give the market that extra 25 basis points at the end of the month — because we are uncomfortable with [inflation]. So that helped the dollar.
– Andy Busch, global FX strategist at BMO Capital Markets
Skousen Senses Opportunity: It’s possible that we’re not out of this recession. However, [remember] Fed policy. Don’t fight the Fed. Anybody who is fighting the Fed right now — in cash, T-bills, at a little bit over 1 percent — why would anyone be in cash at this point? These are tremendous opportunities. This is the time to get into the market. It’s all about globalization. Forget the U.S. economy; it’s globalization. Things have changed. Things have changed in the last ten to twenty years. The global economy is far more important. So when the U.S. catches a cold, the world does not catch pneumonia.
– Mark Skousen, financial economist and author of EconoPower
Obama & Capital Gains: If Obama gets in, I think it’s a catastrophe — if he puts through the policies he’s saying. [His exchange with ABC’s Charlie Gibson on taxing capital gains] was one of the most ridiculous give-and-takes I have ever seen. It was just silly beyond belief. [Obama] almost accepted it, and then he says he wants to raise taxes on capital gains, “cause it’s fair” — and not because it will help people, not because it will provide more revenues. It’s ridiculous what he said. [Obama economic advisor] Austan Goolsbee should be priming him on this stuff. It just doesn’t make any sense.
– Arthur Laffer, supply-side economist and president of Laffer Associates
Reich Reaches Hillary Tipping Point: I guess I just reached the tipping point this week, in terms of negative mudslinging by the Clinton camp. [It’s] bringing both [candidates] down. This is the old politics. … Given the scale of the problems the nation now faces … this kind of petty mudslinging has got to stop. I just couldn’t stand it [anymore] … Obviously, I was not going to endorse anybody, because I’ve known the Clintons for decades. It just seemed to be inappropriate to endorse anybody. But I reached a tipping point this week … I’m sick and tired of it. I’m fed up.
– Robert Reich, former Clinton secretary of Labor






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