Kass: 'Kudlow & Company' Recap

This blog post originally appeared on RealMoney Silver on Dec. 3 at 7:33 a.m. EST.

We had another lively session on "Kudlow & Company," with CNBC's Denny "The K" Kneale and Loomis Sayles' David Sowerby. I looked forward to last night, as I enjoy debating Denny The K and I have long-admired David "Small Cap" Sowerby's sound and sober analysis.

So, without further ado, let's go to the tape.

In short, look for a post-bubble world to remain in recession throughout 2009, followed by an anemic recovery, at best, in 2010. In an era of globalization, we became intoxicated with what cross-border linkages were able to deliver on the upside of a boom. But as that boom went to excess and spawned a lethal globalization of asset bubbles, the inevitable bust now poses an exceedingly tough hangover. ...