Keep on Typing Krugman
From Michelle Malkin, this tongue in cheek article written by Paul Greenberg :
It started out as a gag here on the editorial page of the Arkansas Democrat-Gazette and soon became a superstition:
Every time the stock market took a little dip, we’d reprint one of Paul Krugman’s dour columns from the New York Jaundiced Times about the imminent doom of the American economy.Almost immediately the market would bounce back and then some. It worked every time.
But we may have overdone it of late. By now the Dow Jones has started to cross into 12,000 territory. A few more Krugman columns explaining how the economy has cooled off and the thing could overheat.
We reprinted one of his columns last Thursday morning and, sure enough, by the end of the day, the Dow ended the day over 12,000 for the first time. AN HISTORIC HIGH! and all that jazz.
Well, sure. The Krugman touch never fails.
The more Professor Eeyore says the economy is going to hell, the more heavenly it gets. Can it be just a coincidence? The Dow seems to surge whenever it sees “Paul Krugman” in a by-line. It must be a kind of Pavlovian reaction by now.
If there’s any hope at all for the once Grand Old Party in these midterm elections, and there may not be, it’s that Paul Krugman can do for it what he’s consistently done for the stock market.
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October 25, 2006 - 04:21 PM on October 25th, 2006
I remember when O’Reilly buried Krugman in debate- that was too funny.
I stopped reading his articles ages ago, when they became so predictible and a reflection of the lunatic fringe. It is a shame that a once respected economist like Krugman would let his fringe partisan views color his scholarly insights.