Over the week-end I posted that Larry Kudlow had issued a Shock Doctrine Cliff's Notes when he said:
"The human toll here looks to be much worse than the economic toll, and we can be grateful for that."He apologized:
I did not mean to say human toll in Japan less important than economic toll. Talking about markets. I flubbed the line. Sincere apology.
I have to say, however, that from what I'm seeing on the financial news, his first instinct was indicative of the reaction of most economic observers. But they are now issuing perfunctory disclaimers before they bemoan the loss of possible new nuclear plants etc.