Friday, December 08, 2017

Krugman, the man who predicted a major collapse after Trump's election


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As I mentioned in previous posts, Paul Krugman is usually wrong.  In fact, he is normally wrong.

A year ago, Krugman was predicting an economic collapse after the election of Donald Trump.     It went like this:   
Calling Trump the "mother of all adverse effects," the Nobel Prize-winning economist predicted that the GOP nominee's administration could quickly undo the progress that the markets around the world have made in the eight years since the financial crisis.     
"Under any circumstances, putting an irresponsible, ignorant man who takes his advice from all the wrong people in charge of the nation with the world's most important economy would be very bad news," he wrote. "What makes it especially bad right now, however, is the fundamentally fragile state much of the world is still in."
Maybe he will get it right one of these days.   However, he has been wrong many times.    

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