BOOMERBUSTER

BOOMERBUSTER
OLD CELLO

Friday, October 25, 2019

KRUGMAN IS ALL OVER THE MAP HERE TODAY ECONOMY BAD ECONOMY NOT SO BAD

Let's just pick uncertainty.
He says something like, the trade war has created damaging uncertainty.
While America's nimble short term oriented entrepreneurs are in full flight now in a sudden panic of collapsed confidence (although paradoxically the market is still doing ok), what are the Chinese doing?
Shouldn't they also be in full flight too?
What planet are they on?
What do you think they think about collapsed confidence here?
Do you think their confidence has suddenly collapsed?
More to the point, what do you think they think about uncertainty?
Are they as certain as Krugman is about American uncertainty, or are they even more certain than he about that, and why?
Who capitalizes on American uncertainty?
Krugman implies that American uncertainty is global uncertainty. That. after all, is his underlying model, isn't it.

if you spend a lot of time reading Krugman, you will never learn anything at all! 

No comments:

Post a Comment