With a Nobel Prize in the subject, you’d expect The New York Times’ Paul Krugman to know his stuff when it comes to economics. (Though, of course, after Barack Obama received a Nobel Prize for the mere “hope” he’d do something meaningful, it definitely took some of the luster off the honor.) Unfortunately, Krugman’s extreme partisanship too often colors his rational thinking. For example, the man believes that the media was biased against Hillary, not Trump, for crying out loud.
One could walk through a number of predictions Krugman’s gotten dead wrong in the past, but his gaffes are the funniest when proven wrong immediately… like on election night.
While the stock market officially closes at 4PM EST, in the middle of the night as election returns rolled in, the futures market was alive and hectic. The Dow Jones Industrial Average was down an astounding 800 points when a Trump presidency started looking certain. It…
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Dec 14, 2016 @ 14:41:39
Well the stockmarket did not rise until it became apparent Trump was walking away from a number of his policies.
Kruggers was not assuming that. He thought he would fulfill al of those policies. Trump turrned out to be a politician.
This article is very inaccurate. It does not give any publicity to what kruggers said later either.
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