Paul Krugman: Always wrong, never in doubt

Paul Krugman: Always wrong, never in doubt
Paul Krugman (Image: YouTube screen grab)

[Ed. – Unlike a stopped clock, the Krugster is never right.]

This Thursday, Federal Reserve chairman Jerome Powell told the House Budget Committee that there was “no reason to think, that I can see, that the probability of a downturn is at all elevated. …

… [O]nly a couple of months ago, there was a torrent of stories cautioning us about the imminent downturn. Some of the scary coverage … seemed almost giddy about the political prospects of a downturn. …

One of the nation’s leading doomsayers has been the New York Times’ perpetually mistaken Paul Krugman, who warned shortly after the 2016 election that Trump’s victory would trigger a global recession “with no end in sight.” We could file that under “post-election hysteria,” but as late as April of this year he was still telling crowds that the bond-market signals predicted “a pretty good chance of a recession sometime in the next year or so.” …

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