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Re:Yield Curves Invert in U.S., U.K by sxcurry on Wednesday August 14, 2019 @12:07PM (#20696941)
As Paul Krugman says, "What looks like raw ignorance and prejudice is, in fact, raw ignorance and prejudice".
Re:Yield Curves Invert in U.S., U.K by refurb on Wednesday August 14, 2019 @12:35PM (#20697203)
I’m no fan of the President, but Paul Krugman’s rants have gone from heated to just bizarre at this point. Shows that even Noble laureate’s aren’t immune from going off the rails.
Re:Yield Curves Invert in U.S., U.K by deegles on Wednesday August 14, 2019 @04:33PM (#20699649)
Do you think it's more likely that a Nobel laureate has gone off the rails, or that they are using the same skills and knowledge that got them a Nobel to analyze the current situation?
Re:Yield Curves Invert in U.S., U.K by refurb on Wednesday August 14, 2019 @11:09PM (#20702266)
Being an expert in economics doesn’t mean you’re an expert in everything.

And Krugman’s articles of late seem not be rooted in logical, rationale thought but rather leading with ideology and emotions.

Re:Yield Curves Invert in U.S., U.K by jquery on Wednesday August 14, 2019 @10:58PM (#20702225)
He wouldn’t be the first to have gone off the rails. With genius often comes instability and mental illness.
Re:Yield Curves Invert in U.S., U.K by chillacy on Wednesday August 14, 2019 @01:16PM (#20697651)
Paul Krugman also said the internet was a fad, why is he worth quoting?
Re:Yield Curves Invert in U.S., U.K by throw0101a on Wednesday August 14, 2019 @03:06PM (#20698870)
Besides the batting average comment, he said that in 1998 for a particular reason:

> First, look at the whole piece. It was a thing for the Times magazine's 100th anniversary, written as if by someone looking back from 2098, so the point was to be fun and provocative, not to engage in careful forecasting; I mean, there are lines in there about St. Petersburg having more skyscrapers than New York, which was not a prediction, just a thought-provoker.

* https://www.businessinsider.com/paul-krugman-responds-to-int...

That was the year Apple was still on the ropes (Microsoft's investment was in 1997), Google was just kicked off by a $100K cheque by Bechtolsheim, Amazon was four years old, and Facebook didn't even exist.

Give it a rest, it's been over twenty years:

> I must have tossed it off quickly (at the time I was mainly focused on the Asian financial crisis!), then later conflated it in my memory with the NYT piece. Anyway, I was clearly trying to be provocative, and got it wrong, which happens to all of us sometimes.

* https://www.snopes.com/fact-check/paul-krugman-internets-eff...

How wise were you when you were twenty years younger than you are now? Sheesh.

Re:Yield Curves Invert in U.S., U.K by bla3 on Wednesday August 14, 2019 @02:59PM (#20698798)
Because his batting average, while not perfect, is still pretty good.
Re:Yield Curves Invert in U.S., U.K by Myrmornis on Wednesday August 14, 2019 @01:27PM (#20697781)
Krugman has looked like an arrogant idiot at times. There's a video of him talking about cryptocurrencies. I've no problem with people thinking crypto is silly, but he was spouting opinions while clearly not having any idea what a cryptocurrency was.
Re:Yield Curves Invert in U.S., U.K by roymurdock on Wednesday August 14, 2019 @12:20PM (#20697061)
Come on this guy is the president of the US people need to stop calling him ignorant and dumb just because they don't like aspects of his persona (racist/greedy/cunning/divisive). He is surrounded by aides and business people giving him information and trying to forward their own agendas. He's not just sitting there thinking "wouldn't it be fun to start a trade war to look tough".

I respect Krugman as an economist but not as a political pundit, he needs to dig harder than resorting to the age old "don't ascribe to malice what can be explained by stupidity". There is already some simple logic (trade war = tough = re elected) behind the decision, I just believe there is more to the story that we don't see.

Re:Yield Curves Invert in U.S., U.K by jonny_eh on Wednesday August 14, 2019 @12:36PM (#20697204)
Would it have been wrong to call King George III mad?
Re:Yield Curves Invert in U.S., U.K by jtbayly on Wednesday August 14, 2019 @02:27PM (#20698480)
Perhaps not, but then, he wasn't elected in spite of everybody in the media saying he was stupid and would never win.

So now you keep saying he's stupid, and doesn't know what he's doing. I'll just keep reminding myself that he managed to get himself elected.

Re:Yield Curves Invert in U.S., U.K by roymurdock on Wednesday August 14, 2019 @12:48PM (#20697336)
We don't live in medieval times. Trump is not a good human being, I don't like him one bit, but he's sane (I would go as far as to call him cunning) and democratically elected.

Comparing him to insane kings from the 18th century just gets people to chuckle and move on, sweeping deeper critical thought under the rug.

To call him stupid or mad ends any line of further inquiry into why he does the things he does, and that to my mind is very, very dangerous.

Re:Yield Curves Invert in U.S., U.K by harimau777 on Wednesday August 14, 2019 @01:05PM (#20697541)
I don't think that sane, cunning, or democratically elected are the same as intelligent.
Re:Yield Curves Invert in U.S., U.K by roymurdock on Wednesday August 14, 2019 @01:31PM (#20697829)
You're splitting hairs and I'm not sure what your point is.

He's sane/rational. He has motives for most of his actions from what I've observerd. I'm asking what the motive is behind his initiation and escalation of the trade war with China.

I'm not arguing that it's an intelligent thing to do, or that Trump is intelligent. I'm asking what his motive is. If he was irrational I would concede that perhaps there is no motive because he's disconnected from reality.

Re:Yield Curves Invert in U.S., U.K by duderific on Wednesday August 14, 2019 @07:38PM (#20701139)
I think it is a power play. He likes to feel powerful, and he thinks of it as a negotiating tactic. He is a bully and likes to try and push people around. I honestly don't think he much considers the ramifications going forward on a global scale. It is more of a personal slight: "The Chinese are really screwing us over, I'll show them!"
Re:Yield Curves Invert in U.S., U.K by cr0sh on Wednesday August 14, 2019 @01:35PM (#20697870)
> democratically elected.

If this were true, he wouldn't be POTUS.

At best, you could say he was "elected according to the rules, procedures and processes of our democratic republic form of government, as defined by our Constitution".

That would be a fairly true statement.

It would also probably be a true statement to say that our Electoral College failed us in their primary purpose, which should be to assure that the POTUS which is elected nominally will serve the interest of all constituents, and not just some of them.

POTUS #43 could be said to have served all the citizens of the USA, even if they didn't agree with his policies; the same certainly cannot be said of this POTUS, not IMHO.

Re:Yield Curves Invert in U.S., U.K by bradstewart on Wednesday August 14, 2019 @01:48PM (#20698029)
> At best, you could say he was "elected according to the rules, procedures and processes of our democratic republic form of government, as defined by our Constitution".

What, exactly, should "democratically elected" mean if not that exact sentence?

Re:Yield Curves Invert in U.S., U.K by wolf550e on Wednesday August 14, 2019 @02:35PM (#20698555)
The issue with the majority
Re:Yield Curves Invert in U.S., U.K by cr0sh on Wednesday August 14, 2019 @01:27PM (#20697784)
> Come on this guy is the president of the US people need to stop calling him ignorant and dumb just because they don't like aspects of his persona (racist/greedy/cunning/divisive).

I don't consider him ignorant and dumb because I don't like aspects of his persona. I consider him ignorant and dumb because every time he opens his mouth or types something on twitter - what comes out is generally ignorant and dumb, assuming it is composed of actual words.

Misspellings are one thing - if that were the extent of things, I could probably just chuckle, even if I vehemently disagreed otherwise. It's more than that. It's often a stumbling incoherency to the messages, almost as if he's speaking in some form of "stream of consciousness" - just saying whatever is coming to his mind - and it is composed of very simplistic words and phrasing, at best.

Worse - he's been shown to literally lie within a single sentence or paragraph (most of the time, it takes him hours or days to go from one "truth" to something 180 degrees opposite). He either doesn't know he does it (bad enough), or he has two independent personalities warring inside his mind (worse), or he knows and just doesn't give a f--k (worst, imho) - for all we know, it could be the trifecta.

None of this points to him being a leader of or for anyone or anything, let alone somebody who should have his person anywhere near our nuclear arsenal.

---

Something else that is interesting - and I know its completely anecdotal and probably not really true.

But - it has often been noted that being POTUS tends (or seems to) age a person. They go in looking spry and hale, and exit - well, chastened, and visibly older. Even after only a single term.

Should Trump make it through his term (possible) - and/or should he get another term (I atheist pray not - but who really knows?) - note how he looks afterwards. Right now, he doesn't really look any different than when he started. Maybe that's bias on my part, but I really don't think being POTUS has changed him in the "usual manner" that we have seen of past POTUS's.

This itself should be a concern, if there is any truth to the concept. It either means he's not actually doing the incredibly hard and difficult work of being POTUS, or the usual stress of being POTUS - all the concerns for the welfare of the citizens and the country, and more - do not and have not meant anything to him; ie - he doesn't care, and that hasn't translated to stress that would affect bodily changes. Or - he's a sociopath who revels in the issues, and wants more. Any of these possibilities should be worrisome to the electorate.

Re:Yield Curves Invert in U.S., U.K by Izkata on Wednesday August 14, 2019 @01:46PM (#20697996)
Or, he already went through it in business and came mentally prepared for the pressure.
Re:Yield Curves Invert in U.S., U.K by kaesar14 on Wednesday August 14, 2019 @03:32PM (#20699083)
You don’t think the men who have been President haven’t been through stressful situations before their time in office? Bush, Governor of Texas, Clinton, Governor of Arkansas, Bush, World War 2 Veteran and Director of the CIA, Reagan, Governor of California, Carter, Governor of Georgia. Despite those experiences, all to a T came out of office looking worse for wear.
Re:Yield Curves Invert in U.S., U.K by Izkata on Wednesday August 14, 2019 @07:14PM (#20700975)
I'm not talking about stress in general, but specific stressful situations. International relations, for example.