We Are Getting Worried About Paul Krugman

We Are Getting Worried About Paul Krugman:

When a delicate snowflake is suddenly faced with a perceived reality so devastating as to be an existential crisis, the mind’s reaction to dealing with this cognitive dissonance can be disabling for some. Certainly for The New York Times’ flip-flopping, hate-mongering, fact-twisting, Keynesian poster-boy Paul Krugman it appears coping with “no” is not going well and his tirade last night in Twitter has us gravely concerned for his mental stability, which is ironic given how he began yesterday…

But that was followed quickly by a six-tweet-rant nothing short of what we would expect from a dejected five-year-old who just got denied another scoop of ice cream

Paul Krugman Loses It Over Coming “Era Of Epic Corruption” In ‘Trumpista

FYI.


Paul Krugman Loses It Over Coming “Era Of Epic Corruption” In ‘Trumpistan’

In a time of great change; upheaval of norms and establishment status quo dissolution, there is one steadfast member of the elite that the world can rely on to never change – no matter how the facts around him do. Nobel-prize-winner Paul Krugman has begun the year as he ended the last, with a New York Times’ op-ed exclaiming that “America has become a ‘Stan’.”

In 2015 the city of Ashgabat, the capital of Turkmenistan, was graced with a new public monument: a giant gold-plated sculpture portraying the country’s president on horseback. This may strike you as a bit excessive. But cults of personality are actually the norm in the “stans,” the Central Asian countries that emerged after the fall of the Soviet Union, all of which are ruled by strongmen who surround themselves with tiny cliques of wealthy crony capitalists.

Americans used to find the antics of these regimes, with their tinpot dictators, funny. But who’s laughing now?

Read morePaul Krugman Loses It Over Coming “Era Of Epic Corruption” In ‘Trumpista

AND NOW: Paul Krugman: “To Join Trump Administration You Have To Be A White Nationalist, Conspiracy Theorist”

Krugman: “To Join Trump Administration You Have To Be A White Nationalist, Conspiracy Theorist”

*****

… and to propose this …

… you have to be a fucking idiot, an elite puppet or both.

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Krugman’s Latest Twitter Meltdown Lays Out Democrats’ Next Steps

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Krugman’s Latest Twitter Meltdown Lays Out Democrats’ Next Steps:

In our initial take on the WaPo report of a “secret” CIA assessment, according to which Russia, without a shred of evidence,  helped Trump win the election (it remains unclear just how Putin “hacked” several hundred thousands Rust Belt workers into believing Hillary Clinton would offshore their jobs), we summarized in five point how this was nothing short of a “soft coup” attempt by leaders of the US Intel community and Obama administration to influence the Electoral College vote. To wit:

Read moreKrugman’s Latest Twitter Meltdown Lays Out Democrats’ Next Steps

AND NOW: Krugman Snaps, Tweets Trump Will Turn America Into “All Out Kleptocracy Like Russia Or Ukraine”

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Krugman Snaps, Tweets Trump Will Turn America Into “All Out Kleptocracy Like Russia Or Ukraine”:

Just a few days after his latest tweetstorm attacking Donald Trump, the NYT house economist was once again unleashed on Twitter lashing out, only this time he took aim not only at president-elect Donald Trump but also his campaign, contradicting Ray Dalio’s optimistic assessment of America under a Trump administration, instead predicting that Trump would turn the US into an “all-out kleptocracy, along the lines of what happened in Russia or Ukraine.”

The Keynesian expert took aim at Trump’s still to be finalized public and private infrastructure plan, and suggested that instead of boosting public spending it would “be largely about privatizing public assets.” His allegation is that instead of infrastructure investments, the upcoming spending spree would convert public assets into private projects: “His transition team is basically all lobbyists and his infrastructure plan, such as it is, sounds as if it’s going to be largely about privatizing public assets” Krugman tweeted.

Read moreAND NOW: Krugman Snaps, Tweets Trump Will Turn America Into “All Out Kleptocracy Like Russia Or Ukraine”

After Losing $100 Billion On Terrible Stock Investments, The World’s Largest Pension Fund Is Doubling Down

After Losing $100 Billion On Terrible Stock Investments, The World’s Largest Pension Fund Is Doubling Down:

Back in December 2014, when we first learned that Japan was willing to risk hundreds of billions in Japanese pensions to boost and prop up the domestic stock market – the only true “”arrow of Abenomics – by shifting cash out of bonds and into stocks in the country’s gargantuan (and world’s biggest) $1.4 trillion Government Pension Investment Fund, or GPIF, we wrote that “The GPIF Has A Warning For Japan’s Citizens: Abenomics Better Work, Or Your Pensions Are Toast.”

As the WSJ wrote then, “Japan’s $1.1 trillion government pension fund is betting that a long-term recovery and rising corporate profits will push Tokyo stock prices higher, helping the fund increase returns for the nation’s retirees. Mr. Abe has pushed for the fund to become a more aggressive and sophisticated investor. The fund decided in October to shift its portfolio to seek higher returns, slashing its target allocation to domestic bonds almost in half while nearly doubling that of domestic and foreign equities.”

Read moreAfter Losing $100 Billion On Terrible Stock Investments, The World’s Largest Pension Fund Is Doubling Down

Krugman Doesn’t Understand Why “Darkness Is Spreading Over Part Of Our Society”

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Krugman Doesn’t Understand Why “Darkness Is Spreading Over Part Of Our Society”:

A rather surprising Op-Ed by none other than Paul Krugman, first posted in The New York Times,

Despair, American Style

A couple of weeks ago President Obama mocked Republicans who are “down on America,” and reinforced his message by doing a pretty good Grumpy Cat impression. He had a point: With job growth at rates not seen since the 1990s, with the percentage of Americans covered by health insurance hitting record highs, the doom-and-gloom predictions of his political enemies look ever more at odds with reality.

Yet there is a darkness spreading over part of our society. And we don’t really understand why.

Read moreKrugman Doesn’t Understand Why “Darkness Is Spreading Over Part Of Our Society”

Paul Krugman “What Ails The World Right Now Is That Governments Aren’t Deep Enough In Debt”

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You can’t make this stuff up!


–  Paul Krugman “What Ails The World Right Now Is That Governments Aren’t Deep Enough In Debt” (ZeroHedge, Aug 21, 2015):

This was written by a Nobel prize winning economist without a trace or sarcasm, irony or humor. It is excerpted, and presented without commentary.

From the NYT:

Debt Is Good

… the point simply that public debt isn’t as bad as legend has it? Or can government debt actually be a good thing?

Believe it or not, many economists argue that the economy needs a sufficient amount of public debt out there to function well. And how much is sufficient? Maybe more than we currently have. That is, there’s a reasonable argument to be made that part of what ails the world economy right now is that governments aren’t deep enough in debt.

Read morePaul Krugman “What Ails The World Right Now Is That Governments Aren’t Deep Enough In Debt”