I'm hardly Krugman's biggest fan, but, really, he's saying "the economy is so boned that he's going to need a housing bubble to get out of it." Like if I said

I'm hardly Krugman's biggest fan, but, really, he's saying "the economy is so boned that he's going to need a housing bubble to get out of it." Like if I said "you have saved so poorly for retirement that your only hope is lottery tickets."