His Exuberance is Infectious

By July 17, 2007Economy

Who? Larry Kudlow, of course. We offer this blog post of his just because it’s kinda nice to see a capitalist greet the day’s news with cheerfulness and an optimism for the future.

The big theme in today’s Dow crossing the 14,000 threshold for the first time is one of unprecedented global economic growth and a worldwide stock market boom.

Simply put, this is the greatest global stock market boom in history.

What we are witnessing here, in virtually every corner of the globe, is the success and the spread of unbridled free market capitalism. It is a dynamic worldwide march toward lower tax rates, deregulation, and, as market strategist Don Luskin put it on last night’s show, the “interconnectedness” of global economies through free trade, the free flow of capital, and the robust free exchange of information.

Despite the persistent doom and gloom refrain from various sourpuss prognosticators, it remains the greatest story never told.

And it’s not over yet.

He goes on in the same vein.

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