By Francis A. Scotland, Director of Global Macro Research
"...don't think rates will rise…maybe never again in my lifetime." - Larry Kudlow, Director of the National Economic Council during an interview on April 11, 2019
White House National Economic Council Director Larry Kudlow is 71. The life expectancy of the average 71-year-old American male is an additional 13.7 years based on the 2016 period life tables published by the U.S. Department of Social Security. So Kudlow's forecast is a bold one, assuming his life expectancy is the average. He is saying we are not even