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“In today’s NYT column Krugmnan is still talking about hanging chads and what would have happened if Al Gore had won the 2000 election….
Posted by: sam at June 8, 2009 8:55 PM”
Sam, if you were able to overcome the bile rising in your gullet and read the rest of the column, you would have seen that he was setting the context for the rest of the article – that the economic problems we are currently in would have been more-or-less the same whichever administration was in power.
In that respect, you are no better than the Bloomberg reporter posting that “Krugman sez recession over in September!”. Just take what you want to hear (ideally something that provides affirmation of your existing beliefs), ignore the rest, and rant away. You have set yourself up as a Krugman-hater now so god-forbid he ever says something that you might agree with.
It’s a shame because your other posts reveal an educated and lucid mind.
In today’s NYT column Krugmnan is still talking about hanging chads and what would have happened if Al Gore had won the 2000 election. The guy is a freakin’ nut case. How can anyone take him seriously? He has not moved on from 2000. From before the terrorist attacks on the World Trade Center. He is still writing about hanging chads! Hello?
I know he is Oslo’s sweetheart but why does anyone in New York take him seriously?
“”The president would greatly appreciate it if the professor would start writing more upbeat stories on the economy and in fact, predict a quick conclusion to the recession, yes, we understand its not your style, no we don’t care if it kills you, just do it””
Ugh, that’s just the kind of thing I worry about. Call me paranoid, if you like…
chicken I disagree with you, I give Krugman very low marks for predicting anything. if you claim the economy is on the verge of collapse for over ten years, eventually there is bound to be a downturn.
I think his recent turn around was probably due to a call from the White House that may have gone something like this: “The president would greatly appreciate it if the professor would start writing more upbeat stories on the economy and in fact, predict a quick conclusion to the recession, yes, we understand its not your style, no we don’t care if it kills you, just do it”
sam, Krugman is not a market “commentator” – he’s not there to spout wisdoms to help you maximise your portfolio returns. He’s an economist – no more, no less.
I give him quite a high rating in terms of anticipating what was going to happen. Also, not all doom-mongers agree on everything – witness his public spat with the financial historian Niall Ferguson.
Arkady, dibs didn’t say he got a 4x return, he said he made enuf to pay for his facade repair 4 times over. Theoretically, he could have made only a 1% return had his initial investment been large enuf. We don’t know what his investment was, but we do know the market is up around 40% from its lows and a trader as opposed to a buy-and-hold guy could have made much more than that.
I agree with denton, I would rather go with the What’s predictions than with Krugman.
Krugman has been predicting the collapse of the United States economy -not a recession, but a collapse- since at least 1999. During all the boom years, if you had relied on Krugman’s perpetual predictions of iminent doom, you would have missed out on making a lot of dough.
the lecture series (continues tomorrow and Weds 6:30pm UK time) is available as a live webcast (today’s lecture should also be archived in the next couple of days). Well worth tuning in if you have to time after lunch.
“In today’s NYT column Krugmnan is still talking about hanging chads and what would have happened if Al Gore had won the 2000 election….
Posted by: sam at June 8, 2009 8:55 PM”
Sam, if you were able to overcome the bile rising in your gullet and read the rest of the column, you would have seen that he was setting the context for the rest of the article – that the economic problems we are currently in would have been more-or-less the same whichever administration was in power.
In that respect, you are no better than the Bloomberg reporter posting that “Krugman sez recession over in September!”. Just take what you want to hear (ideally something that provides affirmation of your existing beliefs), ignore the rest, and rant away. You have set yourself up as a Krugman-hater now so god-forbid he ever says something that you might agree with.
It’s a shame because your other posts reveal an educated and lucid mind.
In today’s NYT column Krugmnan is still talking about hanging chads and what would have happened if Al Gore had won the 2000 election. The guy is a freakin’ nut case. How can anyone take him seriously? He has not moved on from 2000. From before the terrorist attacks on the World Trade Center. He is still writing about hanging chads! Hello?
I know he is Oslo’s sweetheart but why does anyone in New York take him seriously?
“”The president would greatly appreciate it if the professor would start writing more upbeat stories on the economy and in fact, predict a quick conclusion to the recession, yes, we understand its not your style, no we don’t care if it kills you, just do it””
Ugh, that’s just the kind of thing I worry about. Call me paranoid, if you like…
chicken I disagree with you, I give Krugman very low marks for predicting anything. if you claim the economy is on the verge of collapse for over ten years, eventually there is bound to be a downturn.
I think his recent turn around was probably due to a call from the White House that may have gone something like this: “The president would greatly appreciate it if the professor would start writing more upbeat stories on the economy and in fact, predict a quick conclusion to the recession, yes, we understand its not your style, no we don’t care if it kills you, just do it”
sam, Krugman is not a market “commentator” – he’s not there to spout wisdoms to help you maximise your portfolio returns. He’s an economist – no more, no less.
I give him quite a high rating in terms of anticipating what was going to happen. Also, not all doom-mongers agree on everything – witness his public spat with the financial historian Niall Ferguson.
Arkady, dibs didn’t say he got a 4x return, he said he made enuf to pay for his facade repair 4 times over. Theoretically, he could have made only a 1% return had his initial investment been large enuf. We don’t know what his investment was, but we do know the market is up around 40% from its lows and a trader as opposed to a buy-and-hold guy could have made much more than that.
I agree with denton, I would rather go with the What’s predictions than with Krugman.
Krugman has been predicting the collapse of the United States economy -not a recession, but a collapse- since at least 1999. During all the boom years, if you had relied on Krugman’s perpetual predictions of iminent doom, you would have missed out on making a lot of dough.
the lecture series (continues tomorrow and Weds 6:30pm UK time) is available as a live webcast (today’s lecture should also be archived in the next couple of days). Well worth tuning in if you have to time after lunch.
http://www.lse.ac.uk/collections/LSEPublicLecturesAndEvents/live/LSELive.htm
M4L – the sky is definitely falling! Just a question of how far it falls…
O.K., Dibs, tell us how you got 4x return.