Posted on 07/27/2022 7:16:49 AM PDT by JV3MRC
The New York Times economics columnist Paul Krugman went from admitting he completely botched his “transitory” inflation calls to gaslighting readers over the possibility of a recession.
Krugman took to Twitter to promote his new column that aligns with the White House’s latest strategy to cast confusion over the meaning of a recession just before the Bureau of Economic Analysis (BEA) is set to release dreaded second-quarter GDP numbers tomorrow. The economy contracted an unnerving 1.6 percent in the first quarter. “Ignore the two-quarter rule,” Krugman bleated. “We might have a recession, but we aren't in one now.”. That’s despite the fact that even the leftist Washington Post noted in a July 25 piece that two quarters of negative GDP growth is “generally understood to mean a recession” and that it is “rare for there to be two consecutive quarters of negative GDP without a recession.”
It’s humorous that the so-called economist is currently engaging in this level of stupidity. It was Krugman himself who arbitrarily proclaimed we were “very probably” staring down “a global recession, with no end in sight” after former President Donald Trump’s election in 2016.
(Excerpt) Read more at newsbusters.org ...
Krugman is a lot funnier than the late night comedians….from what I.read about them.
The country is rotten when so many people believe, support, and worship thos nasty dirty chomo in the white house.
Krugman is a Dem political hack who also happens to be a very dishonest economist who is never right about anything.
This guy is *such* an @$$.
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