Again, Reynolds [1]:
PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.” [2]
CNN, today: Dow leaps 222 points to a record. Nasdaq, S&P 500 rally more than 1%. All three indexes rise about 2% on the week. [3]
The first thing we get from this is a rather obvious confirmation of comments David and I have had about Paul Krugman in the past. His knee jerk regurgitation of the Democrat party line is nothing short of legend for its reliability. He can always be depended upon to support the left.
His problem is of course, that the facts don’t agree.
His observations and predictions are so infrequently correct that one wonders why anyone listens to him at all.
Perhaps the Press keeps dragging him out because of his left-leaning dependability in spite of the facts. Certainly, the Press will never point out that the man’s observations being glaringly wrong is as Dependable as the sun rise.