Kudlow: There’s No “Strong Case” For A Recession

“It is in full correction mode, which is 10%. A full bear market, I guess, is 20%. I wouldn’t want to predict any of it. It’s interesting to me, I hear this talk about recession. I mean, profits are rising and that’s not an indicator of recession. And actually, the manufacturing and services surveys are showing above 50%, and the jobs report on Friday wasn’t fabulous, but it was pretty solid. So I don’t think there’s a strong recession case to be made. There are weaknesses in the economy, no question about that.” – Fox News host Larry Kudlow.