The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on July 27, 2022, 02:45:59 pm
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Same Krugman Who Foretold ‘Global Recession’ Under Trump Says ‘Ignore’ Two-Quarter Rule for Biden
Joseph Vazquez
July 27th, 2022 9:53 AM
The New York Times economics columnist Paul Krugman went from admitting he completely botched his “transitory” inflation calls to gaslighting readers over the possibility of a recession.
Krugman took to Twitter to promote his new column that aligns with the White House’s latest strategy to cast confusion over the meaning of a recession just before the Bureau of Economic Analysis (BEA) is set to release dreaded second-quarter GDP numbers tomorrow. The economy contracted an unnerving 1.6 percent in the first quarter. “Ignore the two-quarter rule,” Krugman bleated. “We might have a recession, but we aren't in one now.” That’s despite the fact that even the leftist Washington Post noted in a July 25 piece that two quarters of negative GDP growth is “generally understood to mean a recession” and that it is “rare for there to be two consecutive quarters of negative GDP without a recession.”
It’s humorous that the so-called economist is currently engaging in this level of stupidity. It was Krugman himself who arbitrarily proclaimed we were “very probably” staring down “a global recession, with no end in sight” after former President Donald Trump’s election in 2016.
more
https://www.newsbusters.org/blogs/business/joseph-vazquez/2022/07/27/same-krugman-who-foretold-global-recession-under-trump
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(https://i.kym-cdn.com/entries/icons/facebook/000/004/130/bagdad-bob.jpg)
Nothing to see here....
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Krugman is a two-faced agitprop liar.
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Nothing this fool says is believable.
In most cases, the best advice is to do the opposite of what he says.
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Krugman is a two-faced agitprop liar.
He’s also been consistently wrong with his economic predictions
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Well in his defense, Krugman is about as consistently right as this mental giant. :silly:
(https://i.ytimg.com/vi/QzMeGDpF6w4/maxresdefault.jpg)
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Well in his defense, Krugman is about as consistently right as this mental giant. :silly:
(https://i.ytimg.com/vi/QzMeGDpF6w4/maxresdefault.jpg)
You mean like this one?
Jim Cramer says he could see ‘9 or 10’ oil companies going bankrupt if crude declines persist
PUBLISHED MON, MAR 9 20205:44 PM EDTUPDATED TUE, MAR 10 20208:08 AM EDT
https://www.cnbc.com/2020/03/09/cramer-9-or-10-oil-companies-may-go-bankrupt-amid-crude-declines.html
After all of this wise counsel from Cramer, I went on a stock buying spree with several oil companies and pipeline companies.
Overall, these have more than doubled in value since early 2020 and have caused my portfolio to grow instead of shrink. And the dividends are incredible.
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He’s also been consistently wrong with his economic predictions
Krugman is to economics as Biden is to foreign policy.
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Well in his defense, Krugman is about as consistently right as this mental giant. :silly:
(https://i.ytimg.com/vi/QzMeGDpF6w4/maxresdefault.jpg)
You're better off getting financial advice from Reddit posters.
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Whom won't they give a Nobel Prize to?
(https://i.pinimg.com/originals/e1/8a/5f/e18a5f9b534f7197ffd481c583aa034a.jpg)