"Krugman's May 2005 prediction that we were nearing the end of a speculative bubble in the housing market, similarly, looks really good in retrospect -- prices were about flat throughout 2006, and are now headed downward. Again, in April 2005 Krugman said "rising inflation in an economy still well short of full employment - has already arrived" and, indeed, it had; the inflation rate was rising and the employment-population ration remained quite a bit lower than it had been in the late 1990s. With five out of nine correct forecasts, this Krugman guy is looking pretty smart.
Similarly, Henke wants to mock the April 2004 observation that "An oil- driven recession does not look at all far-fetched" but it would be worth reading the actual column to see what Krugman's talking about:" Matthew Iglesias, Jan 2008 Krugman is RW target, although primarily for being too pessimistic...ha On Mar 8, 10:48 pm, studio <[email protected]> wrote: > The one idiot actually predicted that in 14 months > the stock market would be near it's high of 14,000 again! > > But as I had always said; the stock market would return > to where Bush Jr. found it at around the 7500 mark. > > I was right, and they were wrong. > > So much for superior republican trickle down economic theory. --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
