Larry Kudlow: Economic storm clouds are gathering

Economic storm clouds are gathering and that's the subject of the riff.  Yesterday, Fed head Jay Powell issued pretty clear forward guidance that the central bank will start cutting its policy rate in September, and additional rate cuts might well occur in November and December.Wall Street has been whining and panting for these rate cuts for about two years. So, what does the stock market do today? As Gerri Willis just reported, it got slammed down. Especially the high-tech Nasdaq, which lo