Low Quality Posting
Paul Krugman: The Economic Fallout - NYTimes.com
"It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?
Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.
Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.
Under any circumstances, putting an irresponsible, ignorant man who takes his advice from all the wrong people in charge of the nation with the world’s most important economy would be very bad news."
and what actually happened....
Second-quarter GDP jumps 4.1% for best pace in nearly four years
Second-quarter GDP jumps 4.1% for best pace in nearly four years
"It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?
Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.
Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.
Under any circumstances, putting an irresponsible, ignorant man who takes his advice from all the wrong people in charge of the nation with the world’s most important economy would be very bad news."
and what actually happened....
Second-quarter GDP jumps 4.1% for best pace in nearly four years
Second-quarter GDP jumps 4.1% for best pace in nearly four years
- Gross domestic product increased 4.1 percent in the second quarter, matching Reuters estimates.
- Strong consumer and business spending as well as a surge in exports ahead of retaliatory tariffs from China helped drive economic growth.
- The last time the economy grew this quickly was in the third quarter of 2014.
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