I just can’t help but continue to rub this in. Remember what Nobel Laureate and genius economist from the New York Times, Paul Krugman, wrote on election night after it became clear Hillary Clinton was going to lose, all while the reaction at her would-be victory party turned into something resembling the scene in Lakehurst, New Jersey on the evening of May 6, 1937?
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.
Very few “geniuses” have been more wrong than Krugman — same for idiots — but the New York Times continues paying him for that sort of intellectual slapstick while also being forced to help beclown him:
For the first time since the financial crisis a decade ago, all of the world’s major economies are growing https://t.co/rAHTK3jeMi
— The New York Times (@nytimes) January 28, 2018
It should be illegal to ever again call Krugman an “economic super-genius” unironically without using finger quotes.
— FOX Business (@FoxBusiness) January 25, 2018
Way to go, Paul.