How many times has Paul Krugman predicted a recession?
I've stopped counting but here are some examples:
""[R]ight now it looks as if the economy is stalling..." — Paul Krugman, September 2002
"We have a sluggish economy, which is, for all practical purposes, in recession..." — Paul Krugman, May 2003
"An oil-driven recession does not look at all far-fetched." — Paul Krugman, May 2004
"[A] mild form of stagflation - rising inflation in an economy still well short of full employment - has already arrived." — Paul Krugman, April 2005
"If housing prices actually started falling, we'd be looking at [an economy pushed] right back into recession. That's why it's so ominous to see signs that America's housing market ... is approaching the final, feverish stages of a speculative bubble." — Paul Krugman, May 2005
"In fact, a growing number of economists are using the "R" word [i.e., "recession"] for 2006." - Paul Krugman, August 2005
"But based on what we know now, there’s an economic slowdown coming." - Paul Krugman, August 2006
"this kind of confusion about what’s going on is what typically happens when the economy is at a turning point, when an economic expansion is about to turn into a recession" - Paul Krugman, December 2006
"Right now, statistical models ... give roughly even odds that we’re about to experience a formal recession. ... [T]he odds are very good — maybe 2 to 1 — that 2007 will be a very tough year." - Paul Krugman, December 2006
If Krugman was a business consultant, he wouldn't have any customers. If he was a sports pundit, he'd be unemployed.
Moral of the story: Don't listen to Krugman!
