Krugman: “Economy is falling off a cliff”
December 2nd, 2008 at 09:41pm Pat Cunningham
 
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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1 Comment Add your own
1. Juice | December 8th, 2008 at 6:09 pm
Rest assured, you and Krugman have your fortunes tucked neatly under your matresses before the polar ice cap melts and the economic meltdown destroys the world. Meanwhile, capitalist like myself procure as much stock as possible at a firesale price and will reap the benefits as the economic cycle runs it\’s course. Obama will redistribute some along the way to his lazy flock and lottery tickets will fly off the shelf but the economy will right itself and these over-educated Ivy league experts will lose again. God love the ressessions!
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