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IS PAUL KRUGMAN BACK PEDDLING?

22 May 2009 by TPC 5 Comments

Just weeks ago the bearish economist was calling for an all out depression. In classic economist form, a little stock market optimism has him changing his tune. Could this be a contrarian indicator?

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5 Comments »

vfsv said:

No video of what Krugman actually said?

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# 22 May 2009 at 8:05 PM

sky said:

Krugman has toned down his talk about recession after white house dinner.

http://krugman.blogs.nytimes.com/2009/05/05/not...

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# 22 May 2009 at 8:09 PM

Onlooker said:

It is amazing the way a market rally influences the thinking of so many people, even those who should know better. It's all over the place these days. It's like a drug that numbs the mind. It's that old canard about the all knowing efficient market. It must know something!

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# 22 May 2009 at 8:56 PM

James said:

“The DOW knows all, and the people know nothing. After all, isn't the DJIA just a short twitch numerical representation of a bunch of guesses about other people's assumptions of the financial well being of a group of arbitrarily chosen group of 30 companies out of tens of thousands?”-Jon Stewart