Krugman on the US housing bubble

Paul Krugman from Princeton University predicts the biggest housing bust in history.

Category:

News & Politics

Tags:

• house
• price
• crash
• real
• estate
• bubble
• krugman

[whoisleipo]

This dude supported the creation of housing bubble a few years earlier.

[whoisleipo]

Krugman was advocating a housing bubble back in 2002:

"To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble."

[Kevy1231]

...Did he just use the word "Bubblicious?"

[doredormir]

@aem945532 That is a very loose definition of psycho. Do you have anything to back your claim up or did someone just tell you that.

[doredormir]

@whoisleipo That is a quote taken out of context. Read the whole thing, and it becomes clear Krugman is not advocating for a housing bubble, but pointing out that it would take something dangerous to get businesses to start spending to prevent the double dip.

[aem945532]

This guy is a psycho. He is a tool of the bankers. Goldman Sucks got his back and hes got theirs.

[ssmith5342]

@Andersll11 That's right, when you can't come up with a good rebuttal (typical of Austrian economists when faced with facts) just start childish name-calling and using slurs against those disabilities. Real good argument pal. Keep it coming, you're hilarious.

[Andersll11]

@ssmith5342 You're right, we shouldn't harass Krugman, we all know that it is not nice to make fun of FUCKING RETARDS! That includes you buddy!

[unfad1ng]

@ssmith5342

well thaths not entirely true.

Monaco has an unemployment rate at 0 % and an inflation rate at about 2 %

Both low inflation and low unemployment.

Argentina has an inflation rate at 22 % and an unemployment rate at about 8 %, high unemployment and high inflation.

(facts taken from CIA)

This would suggest that there isnt much of a correlation

so its

[ssmith5342]

@Andersll11 Hey, you're the troll here pal. You're one of many blind Austrian drones who goes around and harasses Krugman, the 14th most cited economist in the world.  There is ample evidence that war benefits economies in recession. WWII spending, despite what your precious (and wrong) evidence-distorting revisionist Austrian economist pseudo-history books say, stimulated the US economy back to recovery. War utilizes human resources.

[Andersll11]

@ssmith5342 Go troll somewhere els!