PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”
CNBC, just now: Global Stocks Hit Record High.
Yes, stocks will take a dive someday, because sooner or later they always do. But Krugman’s election-night claim was that Trump’s election was so uniquely awful that they might “never” recover. Like most of Krugman’s claims, that was bullshit.