Skip to comments.Paul Krugman’s ‘Global Recession’ Prediction Lasted as Long as He Was Asleep
Posted on 11/10/2016 8:20:46 AM PST by Beave Meister
Paul Krugman has already had to walk back his prediction of a global recession following Donald Trumps presidential victory last night. His initial post on the New York Times website was confidently apocalyptic about the prospects of Donald Trump plunging the world into a depression: If the question is when markets will recover, a first-pass answer is never. He concluded by saying, So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened. Markets rebounded in the morning after an overnight selloff, and it became clear that Krugman was wrong yet again on the one thing he is actually qualified to write about, economics. This morning he went on a mini tweetstorm about his moral philosophy centering on the death of the American romance that he believed in before his party lost this election and his only tweet about economics rescinded his previous projection:
(Excerpt) Read more at nationalreview.com ...
Business are happy that the prospect of a Clinton boot heel on their neck is now gone. Also, they no longer have to pay protection money to the Clinton Crime Cabal.
Just like the BREXIT market crash that lasted five days.
The elites are not going to give up easily.
Never forget they will always want to be back in power.
What’s the going price these days for a keynesian economist? Warm mouth full of spit maybe...
I want a job as an expert.
I want to be paid millions of dollars to be stunned when all my predictions are wrong too.
And no matter how many times I get it wrong, I’d still be called in as an expert. :)
Truth be told Assange and the Veritas guy deserve Nobel Peace Prizes next year and I am not kidding.
You Got That Right!
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