Economic theory is next
PAUL KRUGMAN TWO WEEKS AGO ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”
CNBC today: Dow closes above 19,000 as stocks notch record closing highs. “The Dow Jones industrial average rose about 70 points, closing above 19,000 for the first time ever, with Home Depot contributing the most gains. . . . The S&P 500 closed over 2,200 for the first time, as telecommunications rose about 2.1 percent to lead advancers. The Nasdaq composite also closed at all-time highs, rising approximately a third of a percent.”
Hey, it’s 2016. Anything can happen.
And here are the top five economists on twitter with their number of followers.
|1.||Krugman, Paul R.||2088110|
|2.||Stiglitz, Joseph E.||160653|
|5.||Shiller, Robert J.||84629|