1) Immediately following the 2016 presidential election @paulkrugman said this:
"If the question is when markets will recover, a first-pass answer is never."
and this:
"We are very probably looking at a global recession, with no end in sight.
nytimes.com/interactive/pr…
"If the question is when markets will recover, a first-pass answer is never."
and this:
"We are very probably looking at a global recession, with no end in sight.
nytimes.com/interactive/pr…
2) Since Krugman's prediction, the Dow has risen by roughly 10, 500 points.
3) This morning he said this:
"If Trump wins a second term, it won't mainly be because Dems moved too far left. It will be because the GOP hobbled the Obama economy in the name of fiscal responsibility, then went on a borrowing spree under Trump"
"If Trump wins a second term, it won't mainly be because Dems moved too far left. It will be because the GOP hobbled the Obama economy in the name of fiscal responsibility, then went on a borrowing spree under Trump"
4) At least he's consistent in being consistently wrong.
There's a reason I've long-maintained that Krugman is one of the greatest contra-indicators we've ever had.
He is simply NEVER right.
There's a reason I've long-maintained that Krugman is one of the greatest contra-indicators we've ever had.
He is simply NEVER right.
