Trumps top economic advisor says fears of recession are nonsense

(Daily Mail) Recession is so far in the distance I cant see it! Trumps top economic adviser says fears of collapse are nonsense as stocks erase ALL of 2018s gains in a few hours and five top tech stocks lose $1 trillion in value Larry Kudlow told reporters Tuesday that there is no economic recession on Ameircas horizon Recession is so far in the distance I cant see it! he said at the White House By the time he spoke in mid-morning Facebook Amazon Apple Netflix and Googles parent company Alphabet had lost $1 trillion in market value combined And the stock market had wiped out all of 2018s gains Kudlow pooh-poohed what turned out to be a deep recession in late 2017 saying: Its not going to happen The Dow closed at 24465 on Tuesday 550 points down from Monday President Trumps chief economic adviser said Tuesday that he doesnt expect a slowdown in growth despite a significant market dip. Corrections come and go he told reporters at the White House saying that the economy is strong overall. Im reading some of the weirdest stuff how a recession is in the future Kudlow said. Nonsense. Read More