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Krugman: “Economy is falling off a cliff”

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Nobel Prize-winning economist Paul Krugman, a professor at Princeton University and columnist for The New York Times, said this the other day in an EXCHANGE OF CORRESPONDENCE with The Huffington Post:

“(T)he numbers on the real economy, stuff like retail sales, industrial production, imports, exports, have been coming in even worse than I expected. So right now it looks as if the economy is really falling off a cliff. This makes me less sure than I was that even strong support measures will pull us out of the dive.”

In light of all this, I want you Applesaucers to know that there’s no need to send me gifts this Christmas as expressions of your affection for the genial host of this award-winning blog. Mere seasons greeting will do.

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