Erin Go Broke

[Chocks away]

and this in 2001:
http://www.nytimes.com/2001/09/30/m...aul krugman fear itself&st=cse&pagewanted=all

"Eventually, the housing bubble bursts". Every bubble bursts
"Recovery tentative and short lived". Pretty vague and ambiguous
He uses the words maybe, may not, may, possibly, could, should and would quite a lot in his writings. Perhaps a little stronger language and discrepancies in his forecasting would emerge and could be nailed. "The Nightmare Scenario" bit (if not an addendum!) merely proves that if you toss enough chaff to the wind you will get edibles. All in all a contemporaneous and easier to read Nostradamus-type character. But better looking - if beards are your thing

 

[tyoung]

"Eventually, the housing bubble bursts". Every bubble bursts
"Recovery tentative and short lived". Pretty vague and ambiguous
He uses the words maybe, may not, may, possibly, could, should and would quite a lot in his writings. Perhaps a little stronger language and discrepancies in his forecasting would emerge and could be nailed. "The Nightmare Scenario" bit (if not an addendum!) merely proves that if you toss enough chaff to the wind you will get edibles. All in all a contemporaneous and easier to read Nostradamus-type character. But better looking - if beards are your thing

That's rubbish!
Any serious predictions are always couched in terms of possibilities and probabilities. Even if you don't agree with K's prescription for the current problems his warnings have been precient.

 

[Cayne]

That's rubbish!
Any serious predictions are always couched in terms of possibilities and probabilities. Even if you don't agree with K's prescription for the current problems his warnings have been precient.

Agree 100%. Dont know what gripe he has against Krugman!

 

[Chocks away]

Agree 100%. Dont know what gripe HE has against Krugman!

Ahem! You also may not know that HE'S a grandmother of five. On balance Krugman gets a lot right. But he has skilled showman abilities and that is where I cast a jaundiced eye. If the guy was on a salary, did not have to push his books, DVDs and appearances I would have far more respect for his forecasting. But as he is no longer the brilliant economist (only) there are other factors that could temper his views. I for one do think that conflict of interest must be taken into consideration.

 

[Chocks away]

"Till Death Does Its Part" is today's catchy headline. As the dollar heads towards 1.44 the happy XXXXXXXXXXXXXXXXXXXX seem to be working. See Krugman's offering in today's NY Times.