Paul Krugman Celebrates Stock Market
Rout Because He Thinks It Hurts Trump
Breitbart Economy,
by
John Carney
Original Article
Posted By: Imright,
3/16/2020 11:59:36 PM
Paul Krugman, the Nobel Prize-winning trade economist and New York Times columnist, celebrated the sharp decline of the stock market due to the coronavirus on the grounds that, in his opinion, it would hurt President Donald Trump.“Economists, myself included, often make a point of saying that the stock market is not the economy, which it isn’t. It *is,” however, pretty much the Trump presidency,” Krugman tweeted. “Take away his magic talisman and there’s nothing left.”Krugman was one of the most prominent economists to predict that markets would collapse following the election of Donald Trump. (Tweet)
Reply 1 - Posted by:
TrueBlueWfan 3/17/2020 12:03:03 AM (No. 348542)
This panic will eventually end, and along with it will come a pent up demand which will spur spending on a massive scale. When that time comes, batten down the hatches, because I predict the stock market will top 31,000 by election time.
31 people like this.
Reply 2 - Posted by:
Northcross 3/17/2020 12:10:25 AM (No. 348544)
This genius was 100% wrong about the Stock Market when Trump was elected. Why should anyone care what he thinks now. His Nobel Prize is even more worthless than Obama's.
42 people like this.
Reply 3 - Posted by:
Omen55 3/17/2020 12:15:53 AM (No. 348546)
I hate dem because they hate US.
Simple.
22 people like this.
Reply 4 - Posted by:
jalo1951 3/17/2020 12:25:27 AM (No. 348548)
The man is a slug.
20 people like this.
Reply 5 - Posted by:
4Justice 3/17/2020 12:29:14 AM (No. 348549)
So, you don't care who gets hurt as long as it also hurts Trump? You are not only sick and demented, but you know absolutely NOTHING about economics. How can anyone call you an "economist" when all you have ever been is a political propagandist ideologue and blatant lying hack for the leftist DemonRat Party? I hope your incompetence finally gets exposed and wish you'd take a trip to Wuhan too.
22 people like this.
Reply 6 - Posted by:
WV.Hillbilly 3/17/2020 12:36:43 AM (No. 348550)
Krugman did not win a Nobel Prize.
Alfred Nobel established five Nobel prizes. Chemistry, Literature, Peace,
Physics, and Physiology or Medicine.
There is no Nobel Prize for economics.
It is the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
It's a prize sponsored by the state bank.
That's like winning the Federal Reserve Bank Prize in Memory of Alan Greenspan.
27 people like this.
Reply 7 - Posted by:
Noj15 3/17/2020 1:02:46 AM (No. 348559)
Paul "Someone hacked my computer and left porn on it" Krugman says it's Trump's fault.
19 people like this.
Reply 8 - Posted by:
DVC 3/17/2020 1:21:51 AM (No. 348567)
Krugman is literally never right on anything he predicts. NEVER.
17 people like this.
That means he hates the rest of US too. I think we should round up all of the anti-American people and put them on a plane with a one way ticket with a parachute.
5 people like this.
Reply 10 - Posted by:
GoodDeal 3/17/2020 1:49:39 AM (No. 348580)
The entire motive behind the CV panic generation by the left and the media has been revealed.
15 people like this.
Reply 11 - Posted by:
SALady 3/17/2020 2:20:33 AM (No. 348586)
Other than brain dead lie-berals, nobody will blame the president for the stock market downturn during a pandemic!!!!!!! That is a lie-beral "wet dream", and nothing more!!!!!
Not to mention how quickly the stock market will rebound with smart people buying lots of stock when the market is low once the risk lowers!!!!!
Based on actual data, the worst place on Earth for this virus has been China. They started to show verified cases of Coronavirus in late January, it peaked in mid-February, and there have been very few new cases since the beginning of March. Reports are the in the epicenter of the virus outbreak, Wuhan, things are getting back to normal -- which stores and restaurants re-opening and people going back to work. Of the 80,800 or so verified cases in China, the strong majority (almost 68,000) have already recovered, while around 3,200 have died of the virus.
I know the USA is several weeks behind China, so we probably haven't "peaked" yet. But if we do follow their time frame, things will get back to mostly normal by late May -- which gives lots of time before the election for economic recovery!!!
10 people like this.
Reply 12 - Posted by:
Trigger2 3/17/2020 2:27:58 AM (No. 348592)
Krugman is a 100% human failure.
6 people like this.
Reply 13 - Posted by:
Krause 3/17/2020 3:51:55 AM (No. 348609)
Wow, Krugman saw this pandemic coming, way back then. Now that’s vision!
4 people like this.
Reply 14 - Posted by:
chumley 3/17/2020 3:58:05 AM (No. 348610)
If true, against my will I just spent over a hundred thou defeating President Trump. Yesterday I met a guy who lost over a quarter mil. Is that what gets the communists all orgasmic? Forcing people to do things they don't want to and taking their property? It would seem so.
So now I will have to work till I drop dead at the plant, all so some petty megalomaniacs can ruin the whole thing the rest of the way. We do not deserve to survive.
3 people like this.
Reply 15 - Posted by:
judy 3/17/2020 4:47:13 AM (No. 348616)
Dems love division, chaos, themselves, $$$$, free stuff, the media, China, Cuba, lobbyists, their party more than their country.
6 people like this.
Reply 16 - Posted by:
DCGIRL 3/17/2020 5:50:02 AM (No. 348633)
Wasn't Bill Maher wishing for that all along? That is the very reason I think this panic over the coronavirus was generated by the democrats.
8 people like this.
Reply 17 - Posted by:
franq 3/17/2020 5:58:05 AM (No. 348638)
I wish I could share your optimism, #1. My opinion is that the dominoes are just starting to fall. The Dow is currently down 30%. That is Depression-level. All because of a media-driven crisis. The flu. Governors are shutting down businesses. People are not ALLOWED to earn their living. They are going to be hurting. It is not Trump's fault.
7 people like this.
Reply 18 - Posted by:
ARKfamily 3/17/2020 6:10:06 AM (No. 348643)
Such optimism in #17. We are a resilient country and, so what, if we are experiencing a downturn. I guess with that kind of optimism, the only thing we can do is vote for a Democrat. Absolutely not.
We have a President who wants to Make America Great Again and let's get out of the way with our depressing thoughts. Proverbs 6:6 is where my thinking is going. Let's be an industrious ant rather than a lazy slug. Let me be clear, I am NOT calling any poster a lazy slug. I don't even know you. Turn the media off and let's get busy!
8 people like this.
Reply 19 - Posted by:
worried 3/17/2020 6:47:20 AM (No. 348666)
If I were a few years younger I would be taking advantage of the low prices of many stocks today. Tons of money to be made!
4 people like this.
Reply 20 - Posted by:
franq 3/17/2020 7:54:17 AM (No. 348693)
Resiliency indeed. That resiliency gave us Baraq Obama. I know the Lord. Been reading through Psalms which are particularly relevant in these times. But I will not pretend that there are not monumental forces at work, over which we have no control. Not saying this is the case for #18, just making an observation.
2 people like this.
Reply 21 - Posted by:
Chuzzles 3/17/2020 9:13:06 AM (No. 348770)
That is what the past three years plus campaign were all about, hurting Trump. We need to force these fools to admit that it isn't Trump they are attacking, it is US their fellow citizens for electing Trump over the Hildabeest. They need to start explaining why they are okay with attacking the majority of the nation. Long past time they did so.
3 people like this.
Reply 22 - Posted by:
moebellini3 3/17/2020 9:31:21 AM (No. 348793)
Paul Krugman, the Nobel Prize-winning trade economist and New York Times columnist is a complete moron. The man hasn't been right in years. He's your typical liberal whack job. Got it..
3 people like this.
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