Kudlow: I don't see recession at all

Sunday, 18. August 2019 19:30

White House economic advisor Larry Kudlow said on Sunday he doesn't believe in an impending recession despite the bond market signaling the economy may be weakening last week. “I don’t see a recession at all, I think we’re in pretty good shape," Kudlow told Fox News, highlighting low unemployment and strong retail sales figures.

Regarding President Donald Trump's interest in buying Greenland, he stated that "Denmark owns Greenland. Denmark is an ally. Greenland is a strategic place up there. They’ve got a lot of valuable minerals."

However, Trump "knows a thing or two about real estate," he added. "I don’t want to predict an outcome, I’m just saying the president, who knows a thing or two about buying real estate, wants to take a look," Kudlow said.

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Breaking the News / JC