COVID Economy

[Lennys Tap]

Economists and weather people are never held accountable for being wrong.

Cannot disagree. Paul Krugman predicted a depression when Trump was elected.

[Jockey]

Cannot disagree. Paul Krugman predicted a depression when Trump was elected.

Do you have a Source?

[Hards Alumni]

Do you have a Source?

I have a source.  Paul Krugman is frequently wrong as all get out.

He should stop prognosticating.

[Uncle Rico]

Do you have a Source?

https://www.politico.com/story/2016/11/krugman-trump-global-recession-2016-231055

[MU82]

Very low on common items at my local grocery stores in Chicago. Only one brand option for lots of common things like flour, chips, oat milk, and canned beans. Spoke to an associate at Whole Foods and they said that it's not high demand (yet). They get shipments daily, and some things just stopped coming in for the last ~month.

How long until a rush on other common items a la the great toilet paper shortage of 2020?

One thing that there has strangely been a shortage of the last month or two: Gatorade/Powerade. I like it for when I umpire and golf, and it's been hard to find a good supply of it at Charlotte-area grocery stores. Weird.

[Jockey]

https://www.politico.com/story/2016/11/krugman-trump-global-recession-2016-231055

As I thought. Lenny just made something up. But I'll let you guys continue to search for a source.

[JWags85]

As I thought. Lenny just made something up. But I'll let you guys continue to search for a source.

A direct quote from the economist Lenny mentioned saying exactly what he said he predicted isn't a source? Did you even read the link?

[Jockey]

A direct quote from the economist Lenny mentioned saying exactly what he said he predicted isn't a source? Did you even read the link?

Lenny said 'depression'. Krugman said 'recession'.

Of all people here, I would have thought that you would know the difference.

[JWags85]

Lenny said 'depression'. Krugman said 'recession'.

Of all people here, I would have thought that you would know the difference.

From the article, from the esteemed Krugman's own pen...

"So we are very probably looking at a global recession, with no end in sight"

A recession that with no end, lasting for years, sounds awfully like...a depression. 

Earlier in the article, speaking to the market plunge after Trump's win..." If the question is when markets will recover, a first-pass answer is never."

If you're saying "Lenny is a liar, Krugman never said depression", sure he didn't use exact word.  But that's like me saying "nobody is gonna beat Marquette this year, there is no other outcome possible or likely" and then claiming "I never actual let  said Marquette would go undefeated or win a title" when they lose, when everyone knows what I actually meant

[Jockey]

From the article, from the esteemed Krugman's own pen...

"So we are very probably looking at a global recession, with no end in sight"

A recession that with no end, lasting for years, sounds awfully like...a depression. 

Earlier in the article, speaking to the market plunge after Trump's win..." If the question is when markets will recover, a first-pass answer is never."

If you're saying "Lenny is a liar, Krugman never said depression", sure he didn't use exact word.  But that's like me saying "nobody is gonna beat Marquette this year, there is no other outcome possible or likely" and then claiming "I never actual let  said Marquette would go undefeated or win a title" when they lose, when everyone knows what I actually meant

I have too much respect for Lenny to call him a liar. He just misspoke by accident.

Words have meanings. We need to acknowledge that. Your analogy makes no sense.

[4everwarriors]

One thing that there has strangely been a shortage of the last month or two: Gatorade/Powerade. I like it for when I umpire and golf, and it's been hard to find a good supply of it at Charlotte-area grocery stores. Weird.

Try mixin' water and bleach instead , hey?

[jesmu84]

Try mixin' water and bleach instead , hey?

Wtf

[🏀]

Try mixin' water and bleach instead , hey?

It was Trump's idea first, give proper credit.

[tower912]

I don't care for your pilitical views, so while I work on your teeth, I am going to have you rinse with this bleach and water mixture I have been working on. 

[MU82]

Try mixin' water and bleach instead , hey?

I guess a post like this means you're jealous of roQQet, nu?

[TSmith34, Inc.]

Wtf

Not to worry, real chili will be along any moment to decry the lack civility

[Hards Alumni]

Try mixin' water and bleach instead , hey?

So now you've devolved into such a whacko that you are suggesting fellow posters kill themselves?

Quite the leap there, old man.

[Jockey]

So now you've devolved into such a whacko that you are suggesting fellow posters kill themselves?

Quite the leap there, old man.

At least he says it in English.

[Lennys Tap]

From the article, from the esteemed Krugman's own pen...

"So we are very probably looking at a global recession, with no end in sight"

A recession that with no end, lasting for years, sounds awfully like...a depression. 

Earlier in the article, speaking to the market plunge after Trump's win..." If the question is when markets will recover, a first-pass answer is never."

If you're saying "Lenny is a liar, Krugman never said depression", sure he didn't use exact word.  But that's like me saying "nobody is gonna beat Marquette this year, there is no other outcome possible or likely" and then claiming "I never actual let  said Marquette would go undefeated or win a title" when they lose, when everyone knows what I actually meant

Wags

A global recession with no end in sight from which the markets will never recover - what Krugman predicted - is not only a depression, but because of his use of the word never it's the mother of all depressions.

Recessions are by definition short lived. When they have the elements that Krugman predicted they turn into depressions. Krugman, of course, knew this. Obviously Jockey and 82 didn't.

[ZiggysFryBoy]

Wags

A global recession with no end in sight from which the markets will never recover - what Krugman predicted - is not only a depression, but because of his use of the word never it's the mother of all depressions.

Recessions are by definition short lived. When they have the elements that Krugman predicted they turn into depressions. Krugman, of course, knew this. Obviously Jockey and 82 didn't.

A "journalist" and an underwear maker.  Both solid sources on economics.   

I'd almost rather hear jesmu's socialist takes.

[rocket surgeon]

A "journalist" and an underwear maker.  Both solid sources on economics.   

I'd almost rather hear jesmu's socialist takes.

come on zig, dr turgid alumnee is the end all be all man of the stay thirsty world ya know.  mvp in his own mind

[jesmu84]

A "journalist" and an underwear maker.  Both solid sources on economics.   

I'd almost rather hear jesmu's socialist takes.

So you're saying there's a chance...

[jesmu84]

come on zig, dr turgid alumnee is the end all be all man of the stay thirsty world ya know.  mvp in his own mind

What happened to your proper capitalization and punctuation? Did someone else use your account for a couple days?

[jesmu84]

https://twitter.com/EconBerger/status/1449842796655874048?t=f2h_463Fk1OBkM9FBz5MUA&s=19

[Jockey]

Wags

A global recession with no end in sight from which the markets will never recover - what Krugman predicted - is not only a depression, but because of his use of the word never it's the mother of all depressions.

Recessions are by definition short lived. When they have the elements that Krugman predicted they turn into depressions. Krugman, of course, knew this. Obviously Jockey and 82 didn't.

Now, this is a dishonest post, Lenny.