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https://twitter.com/paulkrugman/status/1530257168078974976 https://twitter.com/paulkrugman/status/1530257168078974976 Paul Krugman just can’t stop being wrong.

https://twitter.com/paulkrugman/status/1530257168078974976 https://twitter.com/paulkrugman/status/1530257168078974976 Paul Krugman just can’t stop being wrong. How this guy has any credibility anymore is beyond me.

forgingahead 4y ago
He's paid precisely to be wrong, he's just a gaslighting agent at this point. Remember when he said the internet would have no greater economic impact than the fax machine? https://twitter.com/ggreenwald/status/1395549665765040130 https://twitter.com/ggreenwald/status/1395549665765040130
- bigDinosaur 4y ago
  Correct, it's just the fax machine basically ran the second half of the 20th century.
  - davidatbu 4y ago
    Krugman himself admitted that his prediction was woefully wrong. Read near end of: https://www.snopes.com/fact-check/paul-krugman-internets-effect-economy/ https://www.snopes.com/fact-check/paul-krugman-internets-eff...
ceejayoz 4y ago
Some pundits are valuable in that you can fairly reliably go in the opposite direction they advise.
- marban 4y ago
  Jim Cramer FTW
  - ceejayoz 4y ago
    I dunno how it's doing in the current market, but some wag tracked how an "Inverse Cramer ETF" would do and it was pretty good. https://wccftech.com/the-inverse-cramer-etf-is-still-beating-the-sp-500-index-by-nearly-7-percent/ https://wccftech.com/the-inverse-cramer-etf-is-still-beating...
  - spaceman_2020 4y ago
    The inverse Cramer ETF has +11% returns this year vs -20% for the SPY :D
    - davidatbu 4y ago
      My goodness. Soes that ETF actually exist? Where can I find it?
BuyMyBitcoins 4y ago
Paul Krugman produced some quality work in the past but he has been a partisan pundit for quite some time now.
mc32 4y ago
Isn't this the “economist” who promised good economic times under Biden because Biden wasn’t Trump?
- koolba 4y ago
  He also predicted a global recession under Trump in 2016: https://www.nytimes.com/interactive/projects/cp/opinion/election-night-2016/paul-krugman-the-economic-fallout https://www.nytimes.com/interactive/projects/cp/opinion/elec...
  - mc32 4y ago
    The. We have the other hacks telling us why inflation is “good”. I wish they got their stories straight.
rvz 4y ago
Mainstream media teaches sheep to listen to anyone on everything they say and agree with them, because the article is from the New York Times. Don't be one and listen to people like Paul Krugman, who isn't keeping up.
greatpostman 4y ago
He’s a propagandist
sarchertech 4y ago
These are June’s numbers which don’t show the recent drop in gas and food. Inflation may have peaked, in which case he was only off by a few weeks.
- keneda7 4y ago
  Releasing millions of barrels from a strategic reserve to make the gas price drop 5% while overall gas is still up 70+% is not a sustainable action. We don't have an unlimited strategic reserve. Its a stunt to get people to temporarily believe the administration is doing something so they will go support them on the internet.
  - sarchertech 4y ago
    The primary reason for gas prices declining is that global oil demand is down.

forgingahead 4y ago

He's paid precisely to be wrong, he's just a gaslighting agent at this point. Remember when he said the internet would have no greater economic impact than the fax machine? https://twitter.com/ggreenwald/status/1395549665765040130 https://twitter.com/ggreenwald/status/1395549665765040130

bigDinosaur 4y ago
Correct, it's just the fax machine basically ran the second half of the 20th century.
- davidatbu 4y ago
  Krugman himself admitted that his prediction was woefully wrong. Read near end of: https://www.snopes.com/fact-check/paul-krugman-internets-effect-economy/ https://www.snopes.com/fact-check/paul-krugman-internets-eff...

ceejayoz 4y ago

Some pundits are valuable in that you can fairly reliably go in the opposite direction they advise.

marban 4y ago
Jim Cramer FTW
- ceejayoz 4y ago
  I dunno how it's doing in the current market, but some wag tracked how an "Inverse Cramer ETF" would do and it was pretty good. https://wccftech.com/the-inverse-cramer-etf-is-still-beating-the-sp-500-index-by-nearly-7-percent/ https://wccftech.com/the-inverse-cramer-etf-is-still-beating...
- spaceman_2020 4y ago
  The inverse Cramer ETF has +11% returns this year vs -20% for the SPY :D
  - davidatbu 4y ago
    My goodness. Soes that ETF actually exist? Where can I find it?

BuyMyBitcoins 4y ago

Paul Krugman produced some quality work in the past but he has been a partisan pundit for quite some time now.

mc32 4y ago

Isn't this the “economist” who promised good economic times under Biden because Biden wasn’t Trump?

koolba 4y ago
He also predicted a global recession under Trump in 2016: https://www.nytimes.com/interactive/projects/cp/opinion/election-night-2016/paul-krugman-the-economic-fallout https://www.nytimes.com/interactive/projects/cp/opinion/elec...
- mc32 4y ago
  The. We have the other hacks telling us why inflation is “good”. I wish they got their stories straight.

rvz 4y ago

Mainstream media teaches sheep to listen to anyone on everything they say and agree with them, because the article is from the New York Times. Don't be one and listen to people like Paul Krugman, who isn't keeping up.

greatpostman 4y ago

He’s a propagandist

sarchertech 4y ago

These are June’s numbers which don’t show the recent drop in gas and food. Inflation may have peaked, in which case he was only off by a few weeks.

keneda7 4y ago
Releasing millions of barrels from a strategic reserve to make the gas price drop 5% while overall gas is still up 70+% is not a sustainable action. We don't have an unlimited strategic reserve. Its a stunt to get people to temporarily believe the administration is doing something so they will go support them on the internet.
- sarchertech 4y ago
  The primary reason for gas prices declining is that global oil demand is down.