SHOT: PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”
CHASER: The Dow Jones Industrial Average hit a record closing high on Monday…22,016.24
OK, almost a total copy/paste but hey, it’s short but illustrative for its brevity. And hey, Krugman shows, once again, why experts should stick to their specialized fields instead of dabbling in other areas and expect their expertise will hold up. In Krugman’s case, he’s gone hard into politics, and the SHOT was more of a political commentary on Trump’s election win than a studied response to a quick fall of the stock exchange after the election.
(H/T: Instapundit)
