This is what happens when experts in an area try to bloviate in others – and in their hubris, never think about Black Swans or other disruptive forces throwing the status quo for a long fall.
Oh, that other blowhard?
PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”
Oh, that’s RIGHT – economics IS what Krugman got a Nobel Prize for (forehead smack)
(H/T: Powerline)