TIME TO PANIC!!

[bb1961]

Relax, People. Paul Krugman Is Predicting a Disastrous Recession.

So, none other than Paul Krugman, a partisan croaker passing himself off as an economist, is predicting a recession. In so doing, he is aligned with another fundamental law of the universe, which I will call "Clark's Law of Fake Economist Predictors," which states, "If Paul Krugman predicts a recession, there can be no recession coming."

Why this new law? Because Krugman's been wrong a bunch of times before.

If you want an accurate gauge of future economic conditions, look no further than Paul “Nobel-Prize-Winning-Economist” Krugman. He has a solid record of being exactly wrong, as the above quotations show.

So, the fact that he is now predicting stagflation should give everyone a boost of confidence that we are headed for a second Trump boom.

Krugman’s new prediction comes, in fact, just as signs are looking up.

The stock market is back in positive territory since President Donald Trump took office, and is up 7% compared with a year ago.

April’s jobs report beat expectations, with the economy adding 177,000 jobs. (Meanwhile, the Bureau of Labor Statistics admitted that roughly 600,000 jobs Biden claimed to have created during his last year in office were fake.)

There's a lot more where that came from. And as for Krugman's Nobel nod, that organization stopped being relevant when they gave a Peace Prize to the terrorist-supporting Yassir Arafat - and then another to Barack Obama, presumably because he existed.

Krugman was wrong in predicting a recession during Trump's first term. He's probably wrong now. Economics is a tricky business, and even an economy the size of the American economy can sometimes fall prey to sudden shocks. But all the signs now are good.

To be sure, Krugman is hardly the only one predicting a Trump recession. Democrats and their handmaidens in the press, along with partisan hacks like Krugman, have been tripping over themselves with doom-and-gloom predictions since Trump won the election in 2024, just as they did in Trump’s first term. (We’re old enough to remember when such vitriol was attacked as “talking down the economy.”)

It’s also true that there’s no telling what will happen over the next year. Trump’s seemingly ad-hoc tariff campaign is still a drag on economic growth. Republicans could fail to extend Trump’s 2017 tax cuts, which would be catastrophic. Some other calamity could occur.

President Trump is, yes, taking us into terra incognita with many of his policies, but as of this writing, most of the economic indicators are pretty good. Gas prices are down, as are other energy costs. Inflation is receding. The stock market has stabilized. And around the world, other nations are coming to the Trump administration looking to make trade deals. Paul Krugman isn't making his prediction because of these indicators but despite them, and he is doing so because of one thing: Opposition to the Republican party in general and President Trump in particular. He's a partisan hack masquerading as an economist, and that's all he has ever been.

See Also: Annual Inflation Rate Hits 4-Year Low; Groceries Have Biggest Decline in 5 Years

Scott Bessent Sets Jake Tapper Straight on Debt, Tariffs, Inflation, and How the Trump Admin Is Winning

Paul Krugman shares something with Joe Biden and Barack Obama: He's managed to make a lucrative career out of being wrong, without managing to produce anything of value in the process. We can and should take his prediction of economic disaster as a promising sign.

[eccieuser9500]

Great opener. Keep your eye on UnitedHealth stocks.

[Tiny]

Krugman's extremely partisan. That doesn't mean he's always wrong. Trump's "tariff action plan" announced on Liberation Day was a recipe for stagflation. Fortunately the markets forced him to back off. Still, this year inflation will be higher and GDP growth lower than they would otherwise be, as a result of the higher tariffs.

[TechPapi]

The only thing "Liberation Day" means for MAGAts, is they will be liberated from their money. No problem though, daddy drumpf is getting plenty.

[Thecrimsontide]

This country is going to shit. Thinking of exit plans and one hail Mary has always been max out loans and credits, somehow convert USD to whatever currency, then live like a king with a business in another country. Maybe Colombia or Thailand

[Tiny]

Originally Posted by Thecrimsontide

This country is going to shit. Thinking of exit plans and one hail Mary has always been max out loans and credits, somehow convert USD to whatever currency, then live like a king with a business in another country. Maybe Colombia or Thailand

With hot and cold running women! LBFM's! Or BBFM's in Colombia where they eat too much Sancocho! Hell yeah!

Thailand has made some of the same mistakes Trump's making now, by imposing high tariffs and other barriers to trade. In no small part because of that, Thailand's economy has stagnated, while other southeastern Asian countries have powered ahead.

[Jacky S]

Krugman saying we are headed for recession is akin to Bruce Ismay saying “This ship can’t sink”.

[texassapper]

LOL... oh its too glorious... LOL... you realize if the stupid fools in the DNC hadn't colluded with the intelligence agencies to steal 2020, you'd be rid of Trump forever already? LOL

It's fcuking HILARIOUS.

[Tiny]

Originally Posted by texassapper

...you realize if the stupid fools in the DNC hadn't colluded with the intelligence agencies to steal 2020, you'd be rid of Trump forever already? LOL

Yes indeed, LOL!!!

Krugman may overstate the likelihood of serious stagflation, especially if Trump sticks with the universal 10% tariffs. However, budget deficits of 6% or more of GDP as far as the eye can see are not a pretty sight.

There may be a few Republicans out there like Chip Roy and Rand Paul willing to tear some hide out of the beast, but President Trump and most Republicans are pussies when it comes to serious budget cutting.

[eccieuser9500]

Originally Posted by Thecrimsontide

This country is going to shit. Thinking of exit plans and one hail Mary has always been max out loans and credits, somehow convert USD to whatever currency, then live like a king with a business in another country. Maybe Colombia or Thailand

Originally Posted by Tiny

With hot and cold running women! LBFM's! Or BBFM's in Colombia where they eat too much Sancocho! Hell yeah!

Thailand has made some of the same mistakes Trump's making now, by imposing high tariffs and other barriers to trade. In no small part because of that, Thailand's economy has stagnated, while other southeastern Asian countries have powered ahead.

Originally Posted by Tiny

Yes indeed, LOL!!!

Krugman may overstate the likelihood of serious stagflation, especially if Trump sticks with the universal 10% tariffs. However, budget deficits of 6% or more of GDP as far as the eye can see are not a pretty sight.

There may be a few Republicans out there like Chip Roy and Rand Paul willing to tear some hide out of the beast, but President Trump and most Republicans are pussies when it comes to serious budget cutting.