NEC's Kudlow Calls U.S. 'Hottest Economy in the World'

The transcript discusses the underestimated strength of the U.S. economy, highlighting increased employment, rising productivity, and effective policies like tax cuts and deregulation. It addresses the belief in a late market cycle despite continued payroll growth and the impact of tax reforms since 2017, which spurred a second cycle of prosperity. The recovery of blue-collar jobs, with faster wage increases than white-collar jobs, is emphasized. Optimism is expressed regarding trade talks and the opening of export markets, particularly benefiting the farm sector.

What factors are contributing to the belief that the economy is strong despite some pessimism?

In what ways are the policies of lower tax rates and deregulation described as effective?

What impact did the tax cut and reform bill have on job and wage growth?

How has the employment growth among blue collar workers changed since the 80s?

What are the expectations for the farm sector in relation to export markets?