RUSH EXCERPT:
KUDLOW: “Well, I tell you what, I sure don’t see a recession. We had some blockbuster retail sales, consumer numbers towards the back end of last week. Really blockbuster numbers. In fact, despite a lot of worries with the volatile stock market, most economists on wall Street towards the end of the week had been marking up their forecasts for the third and fourth quarter. That echoes our view. You know, what we’ve got here, consumers are working at higher wages. They are spending at a rapid pace. They’re actually saving also while they’re spending. That’s an ideal situation. So I think actually the second half of the economy is going to be very good in 2019. No, I don’t see a recession. And let me add just one theme, chuck. Just one theme. We’re doing pretty darn well, in my judgment. Let’s not be afraid of optimism. Let’s not be afraid of optimism.”