By Alexander Green I’m not sure whether to be amazed or amused that so many professional economists don’t understand the first thing about the stock market.
Exhibit A is Paul Krugman, a Nobel laureate and regular columnist for The New York Times.
Four years ago, he predicted a market collapse and “a global recession with no end in sight” if Donald Trump were elected president.
He then spent the next three years pooh-poohing the economic boom – and bull market – that followed.
The pandemic and government-imposed economic lockdown ended both, of course.
But when the market rallied off its March lows, Krugman wrote column after column declaring …read more
