Tornado Alley (PROG)

[fuagf]

Here Are 5 Big Things Paul Krugman Says He Got Wrong Over The Years .. VIDEO ..

Nov. 19, 2014, 6:59 AM

New York Times columnist and Princeton economist Paul Krugman recounts
the economic predictions he's gotten wrong and what he has learned in the process.

Produced by Alex Kuzoian. Additional camera by Graham Flanagan and Devan Joseph.
http://www.businessinsider.com/big-things-paul-krugman-got-wrong-economy-2014-11#ixzz3K3dCkUE5

In that one Mr. Krugman mentions he

1. missed seeing the high tech productivity boom coming
2. thought, about 2000, America could have had a fiscal crisis like Greece .. it was a gut, know he realizes he should have gone with the models
3. didn't see the devastation coming from the US housing bubble .. now he accepts he should have paid more attention to household debt, and he had no idea how fragile the financial system was
4. thought the Euro would fall apart, not because of the economics, but he underestimated the tenacity of the elites in holding it all together
5. underestimated Mario Draghi's ability to hold it all together ..

some of those words his, they are closely paraphrased .. chuckle, i thought it could be a bit
of palliative for some of us who do make mistakes as Paul does to have Krugman's Misteaks
.. http://krugman.blogs.nytimes.com/2014/11/19/misteaks/ .. here in the fresh air ..

This one is also recent.

Paul Krugman: Europe and China are Seriously Scary

Published on Oct 16, 2014

Oct. 16 (Bloomberg) -- On “Charlie Rose,” a conversation with Paul Krugman. He is a Nobel laureate in economics, a New York Times columnist and a professor at Princeton University and has written the cover story of the current edition of Rolling Stone magazine called "In Defense of Obama." "Charlie Rose" airs weeknights on Bloomberg Television at 7p & 10p ET. (Source: Bloomberg) .. https://www.youtube.com/watch?v=dndJfvlAgk8

The rise of right-wing politics in Europe is scary.

We have been there, too ..

Here, Europe’s Dangerous New Fault Line
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102715249

and in the 2nd reply to that one

France's Le Pen says she admires Putin as much as Merkel - magazine
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102754808

and in a stretch, a neighbor

U.S. Says Russia Tested Cruise Missile, Violating Treaty
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104752555

is having a few problems, too

Russia's Currency Is Plummeting and Putin's Billionaires Are Cannibalizing Each Other
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107967009

.. sometimes music helps some .. Toots And The Maytals Time Tough