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On election night when Trump was elected in 2016, Krugman wrote in the NYT that the markets would never recover, and that there would probably be "a global rece
by rufus_foreman 1y ago
On election night when Trump was elected in 2016, Krugman wrote in the NYT that the markets would never recover, and that there would probably be "a global recession, with no end in sight".
He definitely lets his political angle completely color his economic analysis. Now that Trump is back in the White House we are of course doomed, same as the last time he was in the White House, same as the next time.
If you've got a political angle that is closer to Krugman's than say Trump's maybe this is fine? I mean as long as you're OK with an economic analyst who doesn't have the slightest idea how banks work. If that's the kind of writing you're looking for, Krugman is a very good choice.
- karmakurtisaani 1y ago> Krugman wrote in the NYT that the markets would never recover, and that there would probably be "a global recession, with no end in sight". I think this needs some context. Remember that in 2016 we didn't know how Trumps rhetoric works and how seriously he will push his agendas. Now we know about TACO and how he was held back by the adults in the room. How would you feel about the future if you thought the POTUS will annex Greenland and Canada, and impose tariffs of 100-200% globally?
- rufus_foreman 1y ago>> How would you feel about the future if you thought the POTUS will annex Greenland and Canada, and impose tariffs of 100-200% globally? I would keep the exact same asset allocation that I have now.
- tobias3 1y agoHe quickly retracted that call back then https://krugman.blogs.nytimes.com/2016/11/11/the-long-haul/ https://krugman.blogs.nytimes.com/2016/11/11/the-long-haul/