I originally posted the following information and commentary onto my Facebook wall…
Paul Krugman Says Markets Will ‘Never’ Recover From Trump; Dow Hits Record High:
New York Times opinion writer and economist Paul Krugman predicted early Wednesday morning that the stock market will “never” recover from Donald Trump’s presidential victory, only to be proven spectacularly wrong in less than a day. Instead of collapsing, the Dow Jones Industrial Average surged to an all-time high shortly before the closing bell.
Futures markets imploded Tuesday night as soon as it became apparent Trump was likely to win. At their nadir, futures for the Dow Jones Industrial Average had dropped 750 points.
At that point, Krugman chose to release a blog post in which he predicted these jitters represented a new permanent reality in the U.S. economy.
My Commentary: Another Keynesian Non-Prophet/Profit Who Subsists on a Steady Diet of Crow:
That’s right! This is, indeed, the same genius, who said, in 1998, “By 2005 or so, it will become clear that the internet’s impact on the economy has been no greater than the fax machine’s.”
This quote was brought to you by the same financial terrorists who claim that breaking windows will “stimulate the economy”!
How many times will these “experts” betray the truth before they are finally discredited as pure fraudsters?