Paul Krugman: In Trade, ‘It’s Not the Great Depression — It’s Worse’

.wsj.com/ ^ | October 7, 2009 | Kelly Evans

[dennisw]

1 - Based on GDP,

[skeeter]

Where are those freepers who used to sling "chicken little" around?

Nowhere in sight.

[pallis]

Paul Krugman carries a little Yobama doll in his pocket for spiritual inspiration.

[Parley Baer]

Seeing as it is Paul Krugman I will need to other credible sources of information. This guy has been Looney Toons lately.

[Lazamataz]

While I do share the concern about the GreaterThanEverOMGRunAndPanic Depression, my main concern remains the zombies that will follow -- the radioactive Eastern Bloc Cowboy Robot Zombies who have jetpacks and when they open their mouths, emit solid streams of chainsaws, that, when the chainsaws hit things, erupt into clouds of killer bees that have pit bulls as stingers.

THAT, sir, is the REAL problem that awaits us.

[GeronL]

1 - Based on GDP, “the recession is over, we’re back to a world of growth”

lol. I highly doubt that. Unless its purely from inflation

[bigbob]

Krugman’s probably right but not for the reasons he states. There are three financial bombs still ticking away:

1. Commercial real estate

2. Credit Default Swaps (some 50 trillion still out there)

3. When the US lies in the ICU with the Chinese hand on the plug and asking themselves “Is the USA worth more to us dead or alive?”

[Popman]

This guy has been Looney Toons lately.

Lately ???

Krugman drinks Kool-aid by the gallon. As an economist, he is an ass clown

[GeronL]

I believe nothing Krugman sells.

I do believe we are in for a total collapse if we don’t get government spending, borrowing and taxes under control. Then all those entitlement welfare recipients will be wishing and hoping to eat Obama’s ponies.

[GeronL]

The recession is not over. Thats a ridiculous notion.

[grumpygresh]

This Krugman is such a loathsome creature. At least he getting older so he will fall off of Zeke Emanuel’s treatment curve if he gets sick ( wrong he’s an elite)
Krugman’s answer usually is:
Raise taxes
Nationalize more industries
Censorship
Seize assets
And after he’s done with that, he probably will recommend preventing people from transferring funds out of the country and leave the country.

Detestable scumbag creep. The lowest place in hell is for you Krugman.

[subterfuge]

All I know is, I’m racing to sell my house before it hits <50% of what it “was worth” three years ago, or, less than I owe on it. American realty hasn’t hit bottom yet. Look around. Job market is lousy, people don’t have cash, businesses and foreclosures are INCREASING. And the truth is, the democrats are clueless as how to stop any of it. They won you know, so we’re just going to have to deal.

[subterfuge]

You left some words out of that post.

[screaminsunshine]

Air drop that blithering idiot in to the middle of Haiti.

[dennisw]

you have freepmail

[Brilliant]

His man Barack Obama is the President.

[blasater1960]

I agree with you...he is right for the wrong reasons. You have to also include the effects of the unbelievable ballooning of the money supply. The dollar is going to tank. And that is going to make Krugman seem like he is sugar-coating things. I think it is going to get a whollllle lot worse.

[huldah1776]

Okay, everyone agrees the guy is an idiot. But what is he saying that is wrong besides the recession is over? Are we all planning to use our credit for Christmas this year as we did, say, 4 years ago? I am, but I’ve been poor for 10 years. Nothing new for me.

[mamelukesabre]

If there is a rash of credit default swaps that must pay out(because someone defaulted), who will be the biggest losers? Who’s selling these things?