Krugman Admits He Was Wrong

[nailer]

Originally Posted by finnbow

Then they wouldn't be a professional. They'd be a fraud.

Per Google:

pro·fes·sion·al

noun

1. a person engaged or qualified in a profession.
"professionals such as lawyers and surveyor

Pretty sure plenty of frauds meet this definition.

[finnbow]

Originally Posted by nailer

Per Google:

pro·fes·sion·al

noun

1. a person engaged or qualified in a profession.
"professionals such as lawyers and surveyor

Pretty sure plenty of frauds meet this definition.

In most professions, once you've engaged in fraud, you are no longer a professional (i.e., your professional license is revoked for fraud).

[Dondilion]

Originally Posted by whell

...

I agree, as I've never thought that tariffs were a long term solutions to any problem. The threat of tariffs can be effective if there's economic force behind it. The threat of a tariff on steel can be effective if we have a thriving domestic steel industry, but we don't.

All this is to say that at least we've been able to restart the discussion on the state of the middle class and the erosion of our manufacturing base. Let's hope that in the next four years we apply appropriate economic policy and start to rebuild a manufacturing base that supports a thriving middle class.

Now, if Krugman going to give back his Nobel Prize?

The thrust of Trump's admin is to slow down the Chinese. I do not believe this admin really think that manufacture would be returning in any serious way.
The previous admins (both Dem and Republic) went to sleep re China. "Made in China 2025" really startled the western democracies. Trump has succeeded to a fair extent in pushing China out of strategic areas and reduce the ease of technological transfer. China might have to change its date.

BTW Xi really helped Trump's slow down project. Xi and his many border issues...wtf.

[Chicks]

As Trump warns of economic disaster, Wall Street grows giddy about Biden
Many investors are betting on a Democratic sweep

https://www.politico.com/news/2020/1...ue-wave-432710

Trump loves to say that if Joe Biden wins the White House, stocks will crash, retirement accounts will vanish and an economic depression “the likes of which you’ve never seen” will engulf the nation.

But much of Wall Street is already betting on a Biden win — with a much different take on what the results will mean.

Traders in recent weeks have been piling into bets that a “blue wave” election, in which Democrats also seize the Senate, will produce an economy-juicing blast of fresh fiscal stimulus of $3 trillion or more that carries the U.S. past the coronavirus crisis and into a more normal environment for markets.


Far from panicking at the prospect of a Biden win, Wall Street CEOs, traders and investment managers now mostly say they would be fine with a change in the White House that reduces the Trump noise, lowers the threat of further trade wars and ensures a continuation of the government spending they’ve seen in recent years.

No sign of panic on Wall Street. They'll be happy to be rid of Donny and his idiotic economic "advisors".

[Chicks]

Tariffs Didn’t Fuel Revival for American Steel
Initial job growth withers as demand and prices sink; older mills face a dim future

https://www.wsj.com/articles/tariffs...el-11603877400

Gee, I wonder whether Donny and his idiot economic "advisors" will admit they were wrong? Ya think, Whell?

[whell]

Originally Posted by Chicks

Tariffs Didn’t Fuel Revival for American Steel
Initial job growth withers as demand and prices sink; older mills face a dim future

https://www.wsj.com/articles/tariffs...el-11603877400

Gee, I wonder whether Donny and his idiot economic "advisors" will admit they were wrong? Ya think, Whell?

I wouldn't expect politicians to admit they were wrong unless it was politically expedient to do so. Are you attempting to conflate politicians with professional economists like Krugman?

[bobabode]

Originally Posted by whell

I wouldn't expect politicians to admit they were wrong unless it was politically expedient to do so. Are you attempting to conflate politicians with professional economists like Krugman?

Weak sauce, bucko.

[Chicks]

Originally Posted by whell

I wouldn't expect politicians to admit they were wrong unless it was politically expedient to do so. Are you attempting to conflate politicians with professional economists like Krugman?

A politician's answer. So I guess you'll never admit to having been conned by your Dear Leader, then.

[whell]

Originally Posted by Chicks

A politician's answer.

Yes, yours was a politician's answer. Politicians are quite deft and deflecting, and answering the question they want to answer rather than on the one they were asked.

[Oerets]

You, well all will be made aware.

There was no support, none...... for the Trump!


It will be like he never existed.....


Just disappeared one day!