HUH?
Posted on 11/13/2016 5:43:43 AM PST by detective
It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?
Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.
Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.
(Excerpt) Read more at nytimes.com ...
As usual, Krugman and the NYT are wrong.
The stock market rallies because of the good news of Trump's election.
Take what the Kdork says and reverse it.
That’s what will happen.
The only useful thing he has ever done is to prove that the Swedes know nothing about economics. (We already know they know nothing about peace or literature.)
HUH?
Nobel Prize winning economist Paul Krugman.
Wow, has that currency been devalued, or what?
If the things that need to be done are done, there will be a big fallout in the stock market while it readjusts from an artificial economy. When interest rates return to normal, allowing other investment to pay off, that will also cause a lot of readjustment - not to mention a huge increase in debt service costs.
Poof, +$800 Billion to the annual deficit as the 1% interest introductory rate expires.
They can find tons of biased liberal journalists who can write far better than Krugman.
I have no doubt the markets will crash, and hard. However, it is not because of who is president. It is baked into the cake.
Short version (he has longer ones):
https://www.youtube.com/watch?v=VJEZh9PKr8s
Piece Prize comes from Norway....
Well, Paul has made progress. He’s up to Stage 4: Depression. Only one step away to Stage 5: Acceptance.
You would think that after this election publishers might want to cling to any scrap of legitimacy they may have left and fire non-objective swine like Krugman.
Nope. Still rushing towards oblivion.
Morons.
Paul Krugman, someone else in addition to Blumenthal that I would like to see work in a substance abuse rehab centre where he would have to clean up the patients’ messes and other related duties.
DJIA closed at an all-time high on Friday, idiot.
So much for the NYT reporting more “accurately.”
MSM trying desperately to remain relevant.
Don’t let it happen.
Got his panties in a twist
How does someone like Krugman, who so consistently gets it wrong, even taken seriously?
Krugman’s article was posted some days earlier. BUT, I don’t mind if this article gets posted everyday this year. It is a reminder that he is irrelevant and wrong much more often than he is right.
A blind sow can find a Nobel Prize once in a while. (see, e.g. Algore, Jimmy Carter, et al.)
The federal debt created by the Democrats and the Obama administration is unsustainable.
The American economy can support about $2 to $2.5 trillion in federal taxes intelligently administered.
The Federal government, under Obama, is spending over $4 trillion dollars per year.
The interest rates are effectively zero. This is the only thing that keeps interest on the federal debt payable without destroying the economy.
If interest rates return to historical levels of 3% to 4% it would bankrupt the U.S.
This is simply unsustainable.
A declaration that ranks up there with the “Dewey Defeats Truman” headline. Krugman is incompetent.
Krugman’s article was posted shortly after Donald Trump won the election. It was an “expert's” prediction of what effect a Trump presidency would have on the stock market.
Krugman is living proof that the Nobel Committee knows nothing about economics.
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