Monday, 3 July 2017

Paul Krugman is Wrong Again

In his column, "The Economic Fallout," on November 1, 2016, Paul Krugman made the following points:

"It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?

Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.

Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never."

Krugman is wrong again. The reality is opposite of what he predicts in his column--the markets are not plunging ever since Donald Trump became president; the markets doing quite well. 

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