We’re safe. How do I know that? Because of Paul Krugman, yannow the guy who said on election night that the markets would never recover. He’s at it again.
Pointing specifically to historically low yields on U.S. Treasuries, where investors flee to from the stock market during down times, Krugman said the market is suggesting a "permanent recession".
Mr. Market is basically saying that we're headed for permanent recession pic.twitter.com/8E6dlQLMWj
— Paul Krugman (@paulkrugman) March 9, 2020
So there you go. Mister Enron economist has spoken and you know how right he’s been over the past few years right? A good rule of thumb is to believe the exact opposite of what Krugman sez.
Krugman wants to see a recession because Orange Man bad. Maybe millions dying of the Wuhan Flu and a recession could be enough to drag the befuddled Joe Biden across the finish line.
By the way, with the drop in oil prices maybe the gummint should be buying oil at these bargain prices and filling up the strategic oil reserve. Then when prices go up the gummint could sell off some of it and make a profit. Just a thought.
More good news. Two of the Iranian’s who invaded our embassy and took Americans hostages back in 1979 just died from the Wuhan Flu. Other Iranian gummint officials have died as well.
The Wuhan Flu and the drop in oil prices are giving Iran a double whammy. They’re also giving me a big ol’ schadenboner.
The best schadenboner ever will be when we take back the House. I know dems who think they’re going to take the Senate. Yeah, right.
My thinkin’ aligns with yours, Billy D, and I hope we ain’t disappointed.
As for Mr. Krugman, I’d guess he’s the one givin’ economic tips to AOC.
This dipshit holds the record for retractions at the New York Slimes.
Milton Freedman’s left nut knew more about the dynamic nature
economics than this Keneyesin moron ever learned!
Anything. ANYTHING to usher in our communist utopia!
A cult in the truest sense of the word.
Aaaand, another thousand point drop before noon. Am happy for the folks who don’t have lifespan remaining to buy green bananas to think this orchestrated destruction of wealth is somehow, good news.
Once again. This will pass. This is a media induced panic. As the weather warms the spread of the virus should decrease. Keep in mind Farr’s Law of Epidemics. Even though I’m an old fart I do buy green bananas and I expect to still be around when the market recovers unless the country is dumb enough to elect Biden, let the Dimocrats keep the House, and allow the Dimocrats to take over the Senate. Then we will be surely doomed.
I hope you’re right about a recovery. Don’t see it happening anytime soon and the problem with that is – time – which, is what the media and the Obamacrats are driving for to cause as much damage possible to Trump’s re-election.