www.newsmax.com Open in urlscan Pro
2a02:26f0:1700:11::b856:679c  Public Scan

URL: https://www.newsmax.com/finance/streettalk/larry-kudlow-recession-warnings-biden-economic-policies/2022/11/25/id/1097911/
Submission Tags: falconsandbox
Submission: On November 28 via api from US — Scanned from DE

Form analysis 1 forms found in the DOM

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                  <h1 class="article" itemprop="headline">Kudlow Points to 4 Recession Warning Signs</h1>
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                      <span class="artPgByline">By <span itemprop="author">Lee Barney </span>&nbsp;&nbsp;&nbsp;|&nbsp;&nbsp;</span>
                      <span class="artPgDate">Friday, 25 November 2022 07:35 AM EST</span>
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                      <p>Larry Kudlow, former National Economic Council director under the Trump administration, says there are multiple leading indicators pointing to a recession in 2023.</p>
                      <p>Ever the optimist, however, who "believes in the greatest of the soul of the founding of the United States of America," the
                        <a href="https://www.foxbusiness.com/media/larry-kudlow-americas-economy-jeopardy" target="_blank" rel="noindex noskim">Fox Business host says</a> there are a few important actions the government can take to restore the U.S.
                        as "stewards of economic prosperity."</p>
                      <p><strong><span style="color:#FF0000;">Urgent</span>: Reagan's OMB Director breaks silence and warns of economic meltdown</strong> from Biden polices, says <strong>5 things</strong> you must do to <strong>protect your wealth,
                          retirement</strong>, <a href="https://w3.franklinprosperityreport.com/Finance/FPR/Offers/FPR-Money-Bubble?dkt_nbr=1034014qqur4" target="_blank" rel="noindex noskim">See More Here</a></p>
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                      <p>The Biden administration needs to "immediately open the spigots to produce more oil and gas—allow permitting, pipelining, refining. All that would reduce prices, promote jobs, and economic growth."</p>
                      <p>Kudlow, who also served in the Reagan administration, calls for a reduction in the welfare state and for Trump's business supply-side business tax cuts to become permanent.</p>
                      <p>If these very simple yet critical actions were taken, Kudlow says, "inflation would crash, the economy would soar."</p>
                      <p><span style="font-size:larger;"><strong>4 Recession Warning Signs</strong></span></p>
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                      <p>Currently, however, Kudlow fears the U.S. economy is in jeopardy and points to four clear signals of an economic recession in 2023.</p>
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                        <a href="https://www.myretirementdate.com/quiz?dkt_nbr=1034014qqur4" target="_blank" rel="noindex noskim"><span style="color:#FF0000;">More Info Here</span></a></p>
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                      <p>The first is the Conference Board's leading indicator, which he calls a "highly accurate forecasting tool" based on 10 key data points—including interest rate spreads, consumer expectations, manufacturing, stock prices, and
                        building permits for new homes.</p>
                      <p>The Conference Board now forecasts 2022 gross domestic product (GDP) growth will come in at
                        <a href="https://www.conference-board.org/research/us-forecast/us-forecast" target="_blank" rel="noindex noskim">1.8% and 2023 GDP will slow to zero</a>.</p>
                      <p>Second, is the money supply, or M2, a measure that Nobel Prize winner Milton Friedman championed. M2 has ballooned under President Biden's "massive increase in federal spending that led to an equally massive money printing by
                        the Federal Reserve," Kudlow says.</p>
                      <p>"That was the single-biggest mistake by Joe Biden," he maintains. "It moved the inflation rate up from about 1% to nearly 10%. Because of that, real wages have fallen 18 consecutive months."</p>
                      <p>Third, Kudlow says, is the Treasury bond yield curve inversion between three-month bonds and 10-year Treasuries. Right now, the yields, respectively, are 4.30% and 3.80%, which Kudlow calls "a very alarming sign."</p>
                      <p>The fourth gauge of a looming recession in 2023, he says, is actually a slew of bad economic news that cannot be ignored—not least of which are the housing downturn and manufacturing slowdown.</p>
                      <p><span style="font-size:larger;"><strong>Inflation Slowing</strong></span></p>
                      <p>The U.S. Federal Reserve does appear to be conquering inflation, however, making Kudlow optimistic that inflation will come down slowly over the coming months.</p>
                      <p>Given all the pitfalls that Kudlow sees, however, avoiding or lessening a recession will be far more difficult a task.</p>
                      <p>He ends his opening commentary from the Nov. 22, 2022 edition of "Kudlow" saying he hopes legislators will wake up and "replace utopian socialist schemes that always cause recession and impoverishment wherever they are
                        implemented.</p>
                      <p>"I know we can right this ship."</p>
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                <div style="display: none" itemprop="description"> Larry Kudlow, former National Economic Council director under the Trump administration, says there are multiple leading indicators pointing to a recession in 2023. </div>
                <div style="display: none" itemprop="keywords"> larry kudlow, recession warnings, biden economic policies, inflation </div>
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                <div style="display: none" itemprop="datePublished"> Friday, 25 November 2022 07:35 AM </div>
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                <!-- ##WebPart## Email Signup End  -->
              </div>
              <script type="text/javascript" src="/CMSScripts/Newsmax/jQuery.signup.js"></script>
              <div class="DFP">
                <div class="DFPad">
                  <div id="div-gpt-ad-streettalk-9a8fc39f-59c1-4fa3-b3c9-bf8832096401" style="" data-google-query-id="COjJnrrH0fsCFeCFgwcdAjwD3A">
                    <div id="google_ads_iframe_/6305169/Newsmax/Finance/streettalk_3__container__" style="border: 0pt none;"><iframe id="google_ads_iframe_/6305169/Newsmax/Finance/streettalk_3"
                        name="google_ads_iframe_/6305169/Newsmax/Finance/streettalk_3" title="3rd party ad content" width="300" height="250" scrolling="no" marginwidth="0" marginheight="0" frameborder="0" role="region" aria-label="Advertisement"
                        tabindex="0" sandbox="allow-forms allow-popups allow-popups-to-escape-sandbox allow-same-origin allow-scripts allow-top-navigation-by-user-activation" style="border: 0px; vertical-align: bottom;" data-load-complete="true"
                        data-google-container-id="1"></iframe></div>
                  </div>
                </div>
              </div>
              <div class="clear"></div>
              <div id="p_lt_zoneContent_pageplaceholder_p_lt_zoneRight_NewsmaxTVLive_NMTVPlayerContainer" class="NMTVplayer-container">
                <div id="videoframecontainerheader">
                  <div id="triangle-bottomleft">Newsmax TV Live</div>
                  <div id="triangle-bottomleftwhite">&nbsp;</div>
                </div>
                <div class="newsmaxautotv" id="nmx_vplayer">
                  <div id="amp" data-amp.version="AMP v9.1.9+premier" class="amp-html5 amp-player amp-desktop amp-autoplay amp-medium-video amp-controls-auto amp-live amp-playing">
                    <div class="amp-react amp-ui amp-controls-auto amp-muted amp-live amp-playing amp-can-play amp-idle" style="display: block;">
                      <div class="amp-hint-component">
                        <div style="position: relative;">
                          <div class="amp-hint-container amp-hint-container--undefined" role="tooltip" style="display: none;"></div>
                        </div>
                      </div>
                      <div class="amp-interactive"></div><img class="amp-poster">
                      <div class="amp-title">Newsmax TV Live</div>
                      <div class="amp-ads">
                        <div class="amp-ad-container" hidden="">
                          <div style="position: absolute;">
                            <div style="display: none;"><video title="Advertisement" webkit-playsinline="true" playsinline="true" style="background-color: rgb(0, 0, 0); position: absolute; width: 100%; height: 100%; left: 0px; top: 0px;"></video>
                              <div style="position: absolute; width: 100%; height: 100%; left: 0px; top: 0px;"></div>
                            </div>
                            <div style="display: none;"><video title="Advertisement" webkit-playsinline="true" playsinline="true" style="background-color: rgb(0, 0, 0); position: absolute; width: 100%; height: 100%; left: 0px; top: 0px;"></video>
                              <div style="position: absolute; width: 100%; height: 100%; left: 0px; top: 0px;"></div>
                            </div><iframe src="https://imasdk.googleapis.com/js/core/bridge3.546.0_en.html#goog_99832989" allowfullscreen="" allow="autoplay" id="goog_99832989"
                              style="border: 0px; opacity: 0; margin: 0px; padding: 0px; position: relative; color-scheme: light;"></iframe><iframe sandbox="allow-scripts allow-same-origin" style="display: none;"></iframe>
                          </div>
                        </div>
                        <div class="amp-bar amp-ad-info">
                          <div class="amp-ad-component amp-ad-count"></div>
                          <div class="amp-spacer"></div>
                          <div class="amp-spacer"></div>
                          <div class="amp-ad-component amp-ad-time"></div>
                        </div>
                      </div><button type="button" data-rh="Play" class="amp-pause-overlay amp-component amp-icon amp-button amp-bg amp-hover" tabindex="0" aria-label="Play" role="button"></button>
                      <div class="amp-unmute-layer"><button type="button" data-rh="Unmute" data-rh-at="left" class="amp-unmute amp-component amp-icon amp-button amp-bg amp-hover" tabindex="0" aria-label="Unmute" role="button"></button></div>
                      <div class="amp-buffering-overlay amp-icon"></div>
                      <div class="amp-slide-in-out amp-progress amp-component amp-control amp-slider" tabindex="0" aria-label="Seek" role="slider" aria-valuemin="0" aria-valuemax="60" aria-valuenow="43" aria-valuetext="00:43 of 01:00">
                        <div class="amp-track"></div>
                        <div class="amp-range" style="width: 99.98%;"></div>
                        <div class="amp-value" style="width: 72.44%;"></div>
                        <div>
                          <div class="amp-markers"></div>
                          <div class="amp-preview amp-bg" style="top: 0px; visibility: visible;">
                            <div class="amp-thumb" style="display: none;"></div>
                            <div class="amp-time">00:00</div>
                          </div>
                        </div>
                        <div class="amp-handle" style="left: 72.44%;"></div>
                      </div>
                      <div class="amp-controls amp-bar amp-bg amp-slide-in-out"><button type="button" data-rh="Pause" class="amp-playpause amp-component amp-icon amp-control" tabindex="0" aria-label="Pause" role="button"></button><button
                          type="button" data-rh="Jump Back" class="amp-jump-back amp-component amp-icon amp-control" tabindex="0" aria-label="Jump Back" role="button"></button><button type="button" data-rh="Jump Ahead"
                          class="amp-jump-forward amp-component amp-icon amp-control" tabindex="0" aria-label="Jump Ahead" role="button"></button>
                        <div class="amp-time-display"><span class="amp-current-time">00:43</span><span class="amp-time-separator"></span><span class="amp-duration">01:00</span><span class="amp-live-label">GO LIVE</span></div><button type="button"
                          data-rh="Mute" class="amp-mute amp-component amp-icon amp-control amp-muted" tabindex="0" aria-label="Mute" role="switch" aria-checked="false"></button>
                        <div class="amp-volume amp-component amp-control amp-slider amp-open" tabindex="0" aria-label="Volume" role="slider" aria-valuemin="0" aria-valuemax="100" aria-valuenow="0" aria-valuetext="0 of 100">
                          <div class="amp-track"></div>
                          <div class="amp-range" style="width: 0%;"></div>
                          <div class="amp-value" style="width: 0%;"></div>
                          <div class="amp-handle" style="left: 0%;"></div>
                        </div>
                        <div class="amp-spacer"></div>
                        <div class="amp-spacer"></div><button type="button" data-rh="Share" class="amp-share amp-component amp-icon amp-control" tabindex="0" aria-label="Share" role="button"></button><button type="button" data-rh="Closed Captioning"
                          class="amp-component amp-icon amp-control amp-cc" tabindex="0" aria-label="Closed Captioning" role="switch" aria-checked="false"></button><button type="button" data-rh="Settings"
                          class="amp-settings amp-component amp-icon amp-control" tabindex="0" aria-label="Settings" role="button"></button><button type="button" data-rh="Picture in Picture" class="amp-pip amp-component amp-icon amp-control"
                          tabindex="0" aria-label="Picture in Picture" role="button"></button><button type="button" data-rh="Toggle Fullscreen Mode" class="amp-fullscreen amp-component amp-icon amp-control" tabindex="0"
                          aria-label="Toggle Fullscreen Mode" role="button"></button>
                      </div>
                      <div class="amp-share amp-panel amp-menu amp-bg amp-menu">
                        <div class="amp-list-item amp-menu-item amp-component amp-list-item amp-menu-item amp-hover" tabindex="0" role="menuitem"><button type="button" class="amp-icon amp-facebook" tabindex="-1"></button><span>Facebook</span></div>
                        <div class="amp-list-item amp-menu-item amp-component amp-list-item amp-menu-item amp-hover" tabindex="0" role="menuitem"><button type="button" class="amp-icon amp-twitter" tabindex="-1"></button><span>Twitter</span></div>
                        <div class="amp-list-item amp-menu-item amp-component amp-list-item amp-menu-item amp-hover" tabindex="0" role="menuitem"><button type="button" class="amp-icon amp-email" tabindex="-1"></button><span>Email</span></div>
                        <div class="amp-list-item amp-menu-item amp-component amp-list-item amp-menu-item amp-hover" tabindex="0" role="menuitem"><button type="button" class="amp-icon amp-embed" tabindex="-1"></button><span>Embed</span></div>
                      </div>
                      <div class="amp-settings amp-panel amp-bg amp-menu" role="menu">
                        <div direction="right" class="amp-playback-rate-button amp-component amp-list-item amp-menu-item amp-hover" tabindex="0" role="menuitem"><span class="amp-label">Speed</span><button type="button"
                            class="amp-icon amp-icon-right amp-right" tabindex="-1"></button><span class="amp-right">Normal</span></div>
                        <div direction="right" class="amp-autoplay-on amp-component amp-list-item amp-menu-item amp-hover" tabindex="0" role="menuitem"><span class="amp-label">Autoplay</span><button type="button"
                            class="amp-right amp-icon amp-toggle"></button></div>
                      </div>
                      <div class="amp-auth"></div>
                      <div class="amp-error-msg">
                        <div></div>
                      </div>
                      <style></style>
                    </div>
                    <div class="amp-video amp-layer"><video class="amp-html5 amp-media-element" playsinline="" data-isad="false" src="blob:https://www.newsmax.com/6b9184f8-7d09-4f43-b89e-a32642a523e0"></video></div>
                    <div class="amp-overlays amp-layer">
                      <div class="amp-ads amp-overlay" hidden=""></div>
                      <div class="amp-captioning amp-overlay">
                        <style type="text/css">
                          #amp .amp-caption {
                            background-color: rgba(0, 0, 0, 0.5) !important;
                          }

                          #amp .amp-caption p,
                          #amp .amp-caption span {
                            font-family: Roboto, 'Arial Unicode Ms', Arial, Helvetica, Verdana, 'PT Sans Caption', sans-serif !important;
                            font-size: med !important;
                            color: rgba(255, 255, 255, 1) !important;
                            text-shadow: 3px 3px 2px rgba(0, 0, 0, 0.5) !important;
                            background-color: rgba(0, 0, 0, 0) !important;
                          }

                          #amp video::cue {
                            font-family: Roboto, 'Arial Unicode Ms', Arial, Helvetica, Verdana, 'PT Sans Caption', sans-serif !important;
                            font-size: med !important;
                            color: rgba(255, 255, 255, 1) !important;
                            text-shadow: 3px 3px 2px rgba(0, 0, 0, 0.5) !important;
                            background-color: rgba(0, 0, 0, 0) !important;
                            background-color: rgba(0, 0, 0, 0.5) !important;
                          }
                        </style>
                        <div class="amp-caption-text"></div>
                      </div>
                    </div>
                  </div>
                </div>
                <div class="NMTVplayer-footer">
                  <div class="NMTVplayer-footerlinks"> <a id="listen-btn" role="button" onclick="window.dispatchEvent(new Event('nmtvplayer_listen'));">Listen</a> <span class="NMTVplayer-spacer">•</span>
                    <a href="https://www.newsmaxtv.com/findus" target="_blank">Channels</a> <span class="NMTVplayer-spacer">•</span> <a href="https://www.newsmaxtv.com/#schedule-section" target="_blank">Schedule</a> <span
                      class="NMTVplayer-spacer">•</span>
                    <a role="button" onclick="window.dispatchEvent(new Event('nmtvplayer_toggleFullscreen'));" style="float:right;"><img alt="fullscreen" src="/App_Themes/NewsmaxNew/images/full.gif" style="height:10px;"></a> </div>
                </div>
                <div id="NMTVplayer-schedule">
                  <div id="schedule"><span class="time-slot-title">On Now:</span><span class="time-slot"><span class="time">12:00p ET</span>&nbsp;•&nbsp;<span class="show">John Bachman Now</span></span><br><span class="time-slot-title">Coming
                      Up:</span><span class="time-slot"><span class="time">2:00p ET</span>&nbsp;•&nbsp;<span class="show">American Agenda</span></span></div>
                </div>
              </div>
              <script>
                //@ this requires moments.js as a dependency to format time.
                //@ and Jquery ofcourse :P
                (function() {
                  var playerTemplate = '\
		<div id="videoframecontainerheader"><div id="triangle-bottomleft">Newsmax TV Live</div><div id="triangle-bottomleftwhite">&nbsp;</div></div>\
		<div class="newsmaxautotv" id="nmx_vplayer"><div id="amp"></div></div>\
		<div class="NMTVplayer-footer">\
			<div class="NMTVplayer-footerlinks">\
				<a id="listen-btn" role="button" onclick="window.dispatchEvent(new Event(\'nmtvplayer_listen\'));">Listen</a>\
				<span class="NMTVplayer-spacer">&bull;</span>\
				<a href="https://www.newsmaxtv.com/findus" target="_blank">Channels</a>\
				<span class="NMTVplayer-spacer">&bull;</span>\
				<a href="https://www.newsmaxtv.com/#schedule-section" target="_blank">Schedule</a>\
			   <span class="NMTVplayer-spacer">&bull;</span>\
				<a role="button" onclick="window.dispatchEvent(new Event(\'nmtvplayer_toggleFullscreen\'));" style="float:right;"><img alt="fullscreen" src="/App_Themes/NewsmaxNew/images/full.gif" style="height:10px;" /></a>\
			</div>\
		</div>\
		<div id="NMTVplayer-schedule"></div>';
                  var showDesktop = true;
                  var showMobile = false;
                  var enabled = false;
                  if (showMobile && (window.innerWidth <= 992)) {
                    enabled = true;
                  }
                  if (showDesktop && (window.innerWidth > 992)) {
                    enabled = true;
                  }
                  if (enabled) {
                    // Append template
                    jQuery("#p_lt_zoneContent_pageplaceholder_p_lt_zoneRight_NewsmaxTVLive_NMTVPlayerContainer").html(playerTemplate);
                    // Schedule
                    (function($, d) {
                      var schedule = {
                        data: {},
                        endpoint: '/CMSPages/NewsMax/Handlers/TVScheduleHandler.ashx',
                        limit: '2', //how many shows to display
                        parse: function(v) {
                          var datetime = v.ShowDateTime.split('T');
                          (!this.data[datetime[0]]) ? this.data[datetime[0]] = new Array(): [];
                          this.data[datetime[0]].push(v);
                        },
                        createSchedule: function() {
                          var schedule = $('#NMTVplayer-schedule');
                          schedule.empty();
                          var tpl = '<div id="schedule"></div>';
                          schedule.append(tpl);
                        },
                        populate: function(s) {
                          var _this = this;
                          var count = 0; //used to show the categories
                          function template(o, j) {
                            return '<span class="time-slot">' + '<span class="time">' + moment(o.datetime).format('LT').replace(" AM", "a ET").replace(" PM", "p ET") + '</span>&nbsp;&bull;&nbsp;' + '<span class="show">' + o.title +
                              '</span>' + '</span>';
                          }
                          s = s[Object.keys(s)[0]].concat(s[Object.keys(s)[1]]); // Get data for today and tomorrow
                          //console.log(Object.keys(s)); // display shows array on console
                          s = s.slice(0, _this.limit); // Only get the limit!
                          $.each(s, function(j, o) {
                            var nmSubtitle = "";
                            if (o.Episode == o.Program) {
                              nmSubtitle = "";
                            } else {
                              nmSubtitle = o.Episode;
                            }
                            var program = {
                              datetime: o.ShowDateTime,
                              title: o.Program,
                              description: o.Description,
                              subtitle: nmSubtitle
                            };
                            if (count == 0) {
                              $('#schedule').append('<span class="time-slot-title">On Now:</span>');
                            } else if (count == 1) {
                              $('#schedule').append('<br><span class="time-slot-title">Coming Up:</span>');
                            }
                            $('#schedule').append(template(program, j));
                            count = count + 1;
                          });
                        },
                        scrollUp: function() {
                          var target = $('#NMTVplayer-schedule');
                          $('html, body').animate({
                            scrollTop: target.offset().top - 100
                          }, 1000);
                        },
                        init: function(ms) {
                          var _this = this;
                          var hash = (ms) ? "?h=" + ms : "";
                          $.getJSON(_this.endpoint + hash, function(data) {
                            $.each(data, function(i, v) {
                              _this.parse(v);
                            });
                            _this.createSchedule();
                            _this.populate(_this.data);
                          });
                        }
                      };
                      // Initialize
                      schedule.init();
                      // Intervals
                      var everyInterval = 1860000; // 31 Minutes
                      var nextInterval = Math.abs(moment().endOf('hour').toDate() - moment().toDate());
                      window.setTimeout(function() {
                        schedule.init(Date.now());
                        window.setInterval(function() {
                          schedule.init(Date.now());
                        }, everyInterval);
                      }, nextInterval);
                    })(window.jQuery, this)
                    if (typeof akamai == "undefined") {
                      jQuery.getScript('https://amp.akamaized.net/hosted/1.1/player.esi?apikey=newsmax&version=9.1.9', function() {
                        loadVideoPlayer(); // run once loaded!
                      });
                    }
                  }

                  function loadVideoPlayer() {
                    var config = {
                      autoplay: true,
                      muted: true,
                      captioning: {
                        enabled: true
                      },
                      playsinline: true,
                      autoplayPolicy: "muted",
                      media: {
                        title: "Newsmax TV Live",
                        source: [{
                          src: "https://nmxlive.akamaized.net/hls/live/529965/Live_1/index.m3u8",
                          type: "application/x-mpegURL"
                        }],
                        track: [{
                          kind: "captions",
                          type: "text/cea-608",
                          srclang: "ENG"
                        }]
                      },
                      cmcd: {
                        contentId: "newsmaxlive"
                      },
                      plugins: {
                        ima: {
                          resources: [{
                            src: "//imasdk.googleapis.com/js/sdkloader/ima3.js",
                            debug: "//imasdk.googleapis.com/js/sdkloader/ima3_debug.js",
                            type: "text/javascript",
                            async: true
                          }, {
                            src: "${paths.plugins}ima/Ima.min.js",
                            debug: "${paths.plugins}ima/Ima.js",
                            type: "text/javascript",
                            async: true
                          }],
                          adTagUrl: "https://pubads.g.doubleclick.net/gampad/live/ads?iu=/6305169/Newsmax/Video/livestream&description_url=http://www.newsmax.com&tfcd=0&npa=0&sz=640x480&gdfp_req=1&vpos=preroll&output=vast&unviewed_position_start=1&env=vp&impl=s&correlator="
                        },
                        googleanalytics: {
                          resources: [{
                            src: "//www.google-analytics.com/analytics.js",
                            type: "text/javascript",
                            async: true
                          }, {
                            src: "#{paths.plugins}googleanalytics/Googleanalytics.js",
                            type: "text/javascript",
                            async: true
                          }],
                          trackingId: "UA-31221-56",
                          nonInteraction: false,
                          disablePageView: false,
                          events: {
                            video: [{
                              type: "started",
                              data: {
                                eventCategory: "video",
                                eventAction: "videoStart",
                                customDimension: {
                                  metric1: "viewDuration",
                                  dimension1: "#{media.title}",
                                  metric2: "#{media.duration}"
                                }
                              }
                            }, {
                              type: "ended",
                              data: {
                                eventCategory: "video",
                                eventAction: "videoEnded",
                                customDimension: {
                                  metric1: "viewDuration",
                                  dimension1: "#{media.title}",
                                  metric2: "#{media.duration}"
                                }
                              }
                            }],
                            ads: [{
                              type: "started",
                              data: {
                                eventCategory: "ad",
                                eventAction: "adStarted"
                              }
                            }, {
                              type: "ended",
                              data: {
                                eventCategory: "ad",
                                eventAction: "adsEnded"
                              }
                            }]
                          }
                        },
                        mediaanalytics: {
                          resources: [{
                            src: "//79423.analytics.edgekey.net/ma_library/javascript/javascript_malibrary.js",
                            type: "text/javascript",
                            async: true
                          }, {
                            src: "#{paths.plugins}mediaanalytics/Mediaanalytics.min.js",
                            debug: "#{paths.plugins}mediaanalytics/Mediaanalytics.js",
                            type: "text/javascript",
                            async: true
                          }],
                          config: "https://ma1540-r.analytics.edgekey.net/config/beacon-31098.xml",
                          iplookup: false,
                          dimensions: {
                            eventName: "#{media.title}",
                            title: "#{media.title}",
                            playerId: "Newsmax.com - #{player.version}"
                          }
                        }
                      }
                    };

                    function createVideoPlayer() {
                      var amp = akamai.amp.AMP.create("amp", config, function(event) {
                        amp = event.player;
                        const defaults = {
                          visible: false,
                          fontFamily: "proportionalSansSerif",
                          fontSize: "med",
                          fontColor: "white",
                          fontOpacity: "100%",
                          edgeType: "rightShadow",
                          edgeColor: "black",
                          edgeOpacity: "50%",
                          backgroundColor: "black",
                          backgroundOpacity: "0%",
                          windowColor: "black",
                          windowOpacity: "50%",
                          scroll: "popout"
                        }
                        if (amp.captioning != null) amp.captioning.changeSettings(defaults)
                        //alternatevely settings can be refreshed by clearin local storage key
                        //localStorage.removeItem("akamai_amp");
                      });
                      // once created detach scroll event
                      window.removeEventListener("scroll", onscroll, {
                        passive: true
                      })
                      window.addEventListener("nmtvplayer_toggleFullscreen", toggleFullScreen, {
                        passive: true
                      });
                      window.addEventListener("nmtvplayer_listen", listenBtn, {
                        passive: true
                      });
                    }

                    function onscroll(event) {
                      // this Helper will tell whether a HTMLElement becomes visible
                      var parentContainerState = akamai.amp.Utils.getViewability("#p_lt_zoneContent_pageplaceholder_p_lt_zoneRight_NewsmaxTVLive_NMTVPlayerContainer");
                      // once player placeholder container becomes visible we create the player
                      if (parentContainerState === "full") createVideoPlayer();
                    }
                    window.addEventListener("scroll", onscroll, {
                      passive: true
                    });

                    function readyHandler(event) {
                      amp = event.player // exposes player instance to DOM
                    }

                    function toggleFullScreen() {
                      return jQuery("#amp")[0].amp.enterFullScreen();
                    }

                    function toggleMute() {
                      const player = jQuery("#amp")[0].amp;
                      return player.muted ? player.unmute() : player.mute()
                    }

                    function listenBtn() {
                      if (jQuery("#amp")[0].amp.muted) {
                        document.getElementById("listen-btn").innerHTML = "Mute";
                      } else {
                        document.getElementById("listen-btn").innerHTML = "Listen";
                      }
                      toggleMute();
                      return
                    }
                    // Run onscroll incase the video is already showing
                    onscroll();
                  };
                })();
              </script>
              <style>
                /* hide UI elements */
                .amp-share {
                  display: none;
                }

                .amp-playback-rate-button {
                  display: none;
                }

                .amp-autoplay-on {
                  display: none;
                }

                /* increase UI size */
                .amp-ui {
                  font: normal normal normal 16px/1 Arial !important;
                }

                .amp-caption {
                  line-height: 1.7em;
                }

                .newsmaxautotv {
                  border-style: none;
                  width: 278px;
                  height: 156px;
                  border: 1px solid #ea002a;
                }

                button.amp-settings,
                button.amp-jump-forward,
                button.amp-jump-back,
                div.amp-time-display,
                button.amp-share {
                  display: none;
                }

                .amp-controls {
                  bottom: -1.86em;
                  height: 1.86em;
                }

                .amp-active .amp-progress {
                  bottom: 1.61em;
                }

                #nmRightColumn {
                  padding: 0 !important;
                }

                div.videoAdUiSkipContainer {
                  bottom: 35px;
                }

                .amp-mobile.amp-ad-overlaymode.amp-idle .amp-interactive {
                  z-index: 2;
                }

                .NMTVplayer-container {
                  width: 280px;
                  background-color: #2a2a2a;
                  padding: 0px 10px;
                  margin-bottom: 30px;
                }

                .NMTVplayer-footer {
                  padding: 3px 0px;
                  background-color: #2a2a2a;
                  color: #fff;
                  font-family: Arial, Helvetica, sans-serif;
                  font-size: 11px;
                  font-weight: bold;
                }

                .NMTVplayer-container a {
                  color: #FFF;
                }

                .NMTVplayer-footerlinks {
                  font-weight: normal;
                }

                .NMTVplayer-footerlinks a {
                  cursor: pointer;
                }

                #schedule {
                  font-family: Arial, Helvetica, sans-serif;
                  font-size: 10px;
                  margin: 0 -10px;
                  overflow: hidden;
                }

                .NMTVplayer-spacer {
                  width: 44px;
                  display: inline-block;
                  text-align: center;
                }

                span.time {
                  display: inline-block;
                  width: 50px;
                }

                .time-slot {
                  padding: 4px 10px;
                  font-weight: bold;
                  display: inline-block;
                  background-color: #295aab;
                  color: #ffffff;
                  vertical-align: top;
                  width: 202px;
                  border-right: 1px solid #295aab;
                  padding-bottom: 500.25rem;
                  margin-bottom: -500rem;
                }

                .time-slot-title {
                  font-weight: bold;
                  line-height: 15px;
                  padding: 2px 5px 2px 10px;
                  width: 60px;
                  display: inline-block;
                  border-right: 1px solid #fff;
                  ;
                  background-color: #295aab;
                  color: #fff;
                  padding-bottom: 500rem;
                  margin-bottom: -500rem;
                }

                .time-slot-title:nth-child(even) {
                  border-top: 1px solid #ffffff;
                }

                .time-slot:nth-child(odd) {
                  border-top: 1px solid #ffffff;
                }

                .show {
                  padding-left: 3px;
                }

                #videoframecontainerheader {
                  background-color: #2a2a2a;
                  position: relative;
                  height: 28px;
                }

                #triangle-bottomleft {
                  left: -10px;
                  font-family: Arial, Helvetica, sans-serif;
                  width: 170px;
                  height: 0;
                  border-bottom: 28px solid #db331c;
                  border-right: 15px solid transparent;
                  position: absolute;
                  z-index: 100;
                  color: #ffffff;
                  line-height: 28px;
                  font-weight: Bold;
                  padding-left: 10px;
                  font-size: 18px;
                }

                #triangle-bottomleftwhite {
                  left: -10px;
                  position: absolute;
                  width: 184px;
                  height: 0;
                  border-bottom: 28px solid #ffffff;
                  border-right: 15px solid transparent;
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                @media screen and (max-width:1199px) {
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                    width: 100% !important;
                    padding: 0px;
                  }

                  .newsmaxautotv {
                    height: 0px !important;
                    padding-bottom: 56.25%;
                    position: relative;
                    width: 99.4% !important;
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                  #triangle-bottomleft {
                    left: 0px;
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                  #triangle-bottomleftwhite {
                    left: 0px;
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                  #schedule {
                    margin: 0px;
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                  #listen-btn {
                    padding-left: 10px;
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                  .NMTVplayer-footerlinks a img {
                    padding-right: 10px;
                  }

                  .newsmaxautotv .amp-player {
                    position: absolute;
                    height: 100%;
                    width: 100%;
                    left: 0;
                    right: 0;
                  }

                  #NMTVplayer-schedule #schedule {
                    display: flex;
                    flex-wrap: wrap;
                    box-sizing: border-box;
                  }

                  #NMTVplayer-schedule #schedule .time-slot-title,
                  #NMTVplayer-schedule #schedule .time-slot {
                    box-sizing: border-box;
                  }

                  #NMTVplayer-schedule #schedule .time-slot-title {
                    flex: 0 0 35%;
                    max-width: 35%;
                  }

                  #NMTVplayer-schedule #schedule .time-slot {
                    flex: 0 0 65%;
                    max-width: 65%;
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                  @media screen and (max-width:992px) {
                    .NMTVplayer-container {
                      margin: 15px auto;
                    }
                  }

                  @media screen and (max-width:500px) {
                    .NMTVplayer-container {
                      width: 270px;
                    }

                    .NMTVplayer-spacer {
                      width: 34px;
                    }

                    .time-slot {
                      width: 193px;
                    }

                    .newsmaxautotv {
                      width: 268px;
                    }
                  }
                }
              </style>
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Home | Street Talk
Tags: larry kudlow | recession warnings | biden economic policies | inflation


KUDLOW POINTS TO 4 RECESSION WARNING SIGNS


Larry Kudlow (Joe Raedle/Getty Images)

By Lee Barney    |   Friday, 25 November 2022 07:35 AM EST






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Larry Kudlow, former National Economic Council director under the Trump
administration, says there are multiple leading indicators pointing to a
recession in 2023.

Ever the optimist, however, who "believes in the greatest of the soul of the
founding of the United States of America," the Fox Business host says there are
a few important actions the government can take to restore the U.S. as "stewards
of economic prosperity."

Urgent: Reagan's OMB Director breaks silence and warns of economic meltdown from
Biden polices, says 5 things you must do to protect your wealth, retirement, See
More Here



The Biden administration needs to "immediately open the spigots to produce more
oil and gas—allow permitting, pipelining, refining. All that would reduce
prices, promote jobs, and economic growth."

Kudlow, who also served in the Reagan administration, calls for a reduction in
the welfare state and for Trump's business supply-side business tax cuts to
become permanent.

If these very simple yet critical actions were taken, Kudlow says, "inflation
would crash, the economy would soar."

4 Recession Warning Signs


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Currently, however, Kudlow fears the U.S. economy is in jeopardy and points to
four clear signals of an economic recession in 2023.

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The first is the Conference Board's leading indicator, which he calls a "highly
accurate forecasting tool" based on 10 key data points—including interest rate
spreads, consumer expectations, manufacturing, stock prices, and building
permits for new homes.

The Conference Board now forecasts 2022 gross domestic product (GDP) growth will
come in at 1.8% and 2023 GDP will slow to zero.

Second, is the money supply, or M2, a measure that Nobel Prize winner Milton
Friedman championed. M2 has ballooned under President Biden's "massive increase
in federal spending that led to an equally massive money printing by the Federal
Reserve," Kudlow says.

"That was the single-biggest mistake by Joe Biden," he maintains. "It moved the
inflation rate up from about 1% to nearly 10%. Because of that, real wages have
fallen 18 consecutive months."

Third, Kudlow says, is the Treasury bond yield curve inversion between
three-month bonds and 10-year Treasuries. Right now, the yields, respectively,
are 4.30% and 3.80%, which Kudlow calls "a very alarming sign."

The fourth gauge of a looming recession in 2023, he says, is actually a slew of
bad economic news that cannot be ignored—not least of which are the housing
downturn and manufacturing slowdown.

Inflation Slowing

The U.S. Federal Reserve does appear to be conquering inflation, however, making
Kudlow optimistic that inflation will come down slowly over the coming months.

Given all the pitfalls that Kudlow sees, however, avoiding or lessening a
recession will be far more difficult a task.

He ends his opening commentary from the Nov. 22, 2022 edition of "Kudlow" saying
he hopes legislators will wake up and "replace utopian socialist schemes that
always cause recession and impoverishment wherever they are implemented.

"I know we can right this ship."

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StreetTalk
Larry Kudlow, former National Economic Council director under the Trump
administration, says there are multiple leading indicators pointing to a
recession in 2023.
larry kudlow, recession warnings, biden economic policies, inflation


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Friday, 25 November 2022 07:35 AM
2022-35-25
Friday, 25 November 2022 07:35 AM
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