Posted on 11/24/2020 8:39:08 AM PST by JV3MRC
New York Times blowhard economist Paul Krugman has a particular skill in completely contradicting himself when it comes to making economic forecasts.
n Krugman’s November 19 op-ed, headlined “Making the Most of the Coming Biden Boom,” the sub-headline read: “The economic outlook is probably brighter than you think.” That’s completely different from Krugman’s August 6 op-ed headlined: “Coming Next: The Greater Recession.” In that piece, Krugman argued that things “probably will get much worse unless Republicans get serious about another economic relief package, and do it very soon.”
And yet, with no new relief packages, unemployment managed to fall to 6.9 percent in October from 8.4 percent in August; US manufacturing had hit a two-year high, and private sector business activity skyrocketed sharply in November. Apparently, the thing that seemed to change Krugman’s persona from an Armageddon prophet to an economic recovery herald was a change in presidential administrations. Typical.
This latest prediction of a “Biden boom” goes right along with Krugman’s logic in his since-recanted 2016 prediction that there would be a “global recession” under a Trump administration.
(Excerpt) Read more at newsbusters.org ...
Economic implosion could result in a boom.
This guy is ALWAYS wrong. We’re doomed.
The only boom Creepy Joe will have is ogling little girls at the Easter Egg roll.
He’s a reliable contrarian indicator. His track record of being 180 degrees off is astonishing. I’m not a financial advisor, but if he says BUY, watch out below.
I am sure when we stop being an energy exporter that everybody will become millionaires. But by then a million bucks might buy you a pack of chewing gum and a half smoked cigarette.
Paul Krugman - the only person less deserving of the Nobel Prize he received than Barack O’Bama.
Hey, I’ll take it... Have been wanting to cash out of the real estate market and buy a property along the Atlantic coast in Spain. The Trump economy should make that easy for Bidey.
Ha ha ha! Right! What’s going to fuel this boom, $5.00 gal gas?
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