Ep. 44 Booming Stock Market Indicates Bad Times, Says Krugman
Is a rising stock market an indication of economic health? Not necessarily, says Krugman, and on that he’s of course correct. But what accounts for rising stock prices today? He says a lack of alternative options for investors — another way of saying the economy stinks, even though he devotes half his columns to defenses of Obama.
Krugman Column
“Bull Market Blues” (July 15, 2016)
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Related Column
“The Social Function of Stock Speculators,” by Bob Murphy
Related Data
Related Episodes
Ep. 43 Krugman Says Investors Have Given Up Hope…So, What Happened to that Obama Recovery, Paul?
Ep. 32 Why Antitrust Is the Problem, Not the Solution
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