Krugman And The Magazine Cover Hypocrisy
Paul "We need a housing bubble" Krugman reaches new heights in objective, hypocrisy-free self-assessment. In his latest blog entry, the Nobel prize winner states the following:
Bernanke and the Cover Curse
So Time magazine has named Ben Bernanke Person of the Year. Be afraid, be very afraid.
The magazine cover curse is a well-known phenomenon: you should always short the stock of a company whose CEO is the subject of a glowing cover story in a major magazine.
Plus there’s the specific Time effect. Let’s not forget the 1985 joint portrait of Madonna and Cyndi Lauper, which concluded that Ms. Lauper was the one who’d remain a star.
And above all, let’s not forget this:
Mr. Krugman is indeed an expert on being afraid of hypocritical self-promotion. Since his face graced the cover of the Newsweek March 28 edition, his own personal stock has reacted just as the Nobelist predicted. Perhaps in addition to bailing out the newspaper for which Krugman writes, Carlos Slim can also provide some fiat support to the Keynesianite/Stimulusite.
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on Wed, 12/16/2009 - 15:38
#166417
The head cheerleader is exhibiting irrational negative exuberance. Since when does a "genius" read palms, tea leaves and magazine covers? Please, someone shoot me and put me out of my misery.
on Wed, 12/16/2009 - 15:48
#166439
LOL!! CD, you've missed your calling. SNL couldn't top this one.
on Wed, 12/16/2009 - 17:01
#166563
Sounds like that curse/challenge of personal growth under stress, man! Speaking of which, when's the next installment of your series (on just that subject) coming out, CD?
Love your forum opus, but I'm a serious fan of your focused work.
Bob
on Wed, 12/16/2009 - 15:52
#166421
No doubt Prectcher will make a note in a Socionomics model.
Speaking of which,
Has Dec EWI theorist landed yet? ;-)
You guys are doing a great job during office vacation time ;-)
on Wed, 12/16/2009 - 15:39
#166423
Wheres Ms.Cleo????
on Wed, 12/16/2009 - 15:40
#166424
NO SHIT
on Wed, 12/16/2009 - 15:41
#166425
LOL! Krugman sure does pose formidible opposition to the Keynesian, court economists Larry Summers, TIM-ay Geitner & Ben Bernanke-NOT! How can he oppose them when he works within the same economic paradigm?
on Wed, 12/16/2009 - 15:41
#166427
Ah Krugman, does anybody listen to this guy? I would rather take policy and economic advice from kids off the short bus. Krugman only has one use, the Costanza Effect, any policy maker listening should do the opposite of what Krugman says and your guaranteed to prosper.
on Wed, 12/16/2009 - 15:42
#166429
That's great Paul. Make sure on the way home you don't step on any cracks.
on Wed, 12/16/2009 - 15:46
#166435
He's smoking the crack, not stepping on it.
on Wed, 12/16/2009 - 16:00
#166460
Definitely mind-altering psychopharmaceuticals.
on Wed, 12/16/2009 - 15:43
#166430
I already decided not to renew my subscriptions to Newsweek.
See this article from them:
http://www.newsweek.com/id/226493
Mr. Gross is so full of shit. And that Elysian Hotel he mentions - TD please do an analysis on this property. I bet it was conceived back in 2005/06 and will be underwater sometime next year if not already. City Center also created a bunch of jobs - let's see how long they last!!!
on Wed, 12/16/2009 - 18:15
#166685
shhhhh!
Our investments in Time and Newsweek are paying off.
Saul A
on Wed, 12/16/2009 - 15:48
#166437
OMG. I just barfed. Bernanke on Time, Krugman on Newsweek, yet saying this carp?
Maybe he has some sort of brain disease. He keeps forgetting what he says.
hahahhahahahahahhahahahahaha!
Its time to extend the drinking binge.
on Wed, 12/16/2009 - 15:51
#166446
Krugman has not figured out that just because you win a grammy it doesn't make you a great entertainer or even a good musical talent. It only means you won a grammy. Nothing more.
on Wed, 12/16/2009 - 15:52
#166450
Just like when all those books and TV programmes come out telling you how to do up a house and how easy it is to make money doing it... just before the bubble popped
on Wed, 12/16/2009 - 17:35
#166613
And that shit is still on 8 or 9 "cable channels" Like that market is ever coming back. Pathetic.
on Wed, 12/16/2009 - 16:02
#166463
You hear that?
I think Nassim Nicholas Taleb's head just exploded.
on Wed, 12/16/2009 - 16:03
#166466
Krugman is a crackpot liberal who just happens to be an economist. Not an economist who happens to be a liberal.
I have learned over the past economics is purely an art form.
on Wed, 12/16/2009 - 16:04
#166467
Paul 'Printing Press' Krugman - another economist with creepy facial hair. Volcker and Taylor are both clean shaven, so I'm thinking there's definitely a creepy hair/crappy economist correlation.
on Wed, 12/16/2009 - 16:07
#166471
Wouldn't you have loved to have been there when they said, "OK Mr. Krugman, we're ready for your cover shot.", and then he says, "NO, WAIT!!! I need my cashmere scarf! Where's my cashmere scarf?! I'm not going on any fucking cover without my cashmere scarf, bitches!!!"
on Wed, 12/16/2009 - 17:36
#166616
+1
on Wed, 12/16/2009 - 20:19
#166869
that's pretty damn funny. at least he spared us the "i-must-be-a-serious-economist-since-i-wear-a-bowtie" bowtie. lol
on Wed, 12/16/2009 - 23:03
#167046
Dirty, L.L. Bean buttoned down collared oxford wearing, corduroy jacket with the nasty elbow pads, stereotypical, pot smoking academian.
on Thu, 12/17/2009 - 00:00
#167090
I'll take ten of those over one "squeaky clean Brooks Brothers suit wearing, Cayenne driving bondage fetish cokehead Harvard educated Wall Street cocksucker".
Just sayin'.
on Wed, 12/16/2009 - 16:09
#166474
We are still talking about magazines as if they relevant or important.
Magazines are nostalgic relics of the tree media era. The era where most of their copy was generated by typewriters and cameras that used film.
IMO, the only magazine cover worth remembering was the June 1985 National Geographic edition (the "Afghan girl with green eyes").
TIME is an artifact -- a news tabloid -- an adornment of health care waiting rooms and neglected public library racks. Their impact is purely benign. Ben won their popularity contest, but the real news story everyone is focused on is when will the next Tiger Woods mistress be revealed, and does she work in food service or not?
on Wed, 12/16/2009 - 18:25
#166708
http://www.futureofrealestatemarketing.com/wp-content/national-lampoon-7...
on Wed, 12/16/2009 - 16:16
#166487
"create a housing bubble" Krugman = douche bag
on Wed, 12/16/2009 - 16:34
#166509
Why do creatures like Krugman and Bernanke want to look like Karl Marx? Funny if you think about it.
on Wed, 12/16/2009 - 16:37
#166514
I blame the Nobel people for giving this guy any recognition.
It's as if they said to themselves "as a reward for voting W in twice, we give you this asswipe."
on Wed, 12/16/2009 - 16:38
#166517
I like how Krugman defended his consultancy with Enron; ...He also stated that the advisory panel "had no function that I was aware of", and that he later interpreted his role as being "just another brick in the wall" Enron used to build an image...
Sorta like whatcha do now Paul?
on Wed, 12/16/2009 - 16:44
#166529
Paul Krugman . . . . charlatan
on Wed, 12/16/2009 - 16:44
#166530
Who should win the new Nobel Prize for The Most Overrated
Person on Planet Earth...Krugman or Obama...tough choice
on Wed, 12/16/2009 - 16:44
#166534
Paul Krugman ...... Elmer Gantry
on Wed, 12/16/2009 - 17:52
#166638
Paul Krugman ....... Ellsworth Toohey
on Wed, 12/16/2009 - 19:15
#166771
Paul Krugman... Lady GaGa
on Thu, 12/17/2009 - 07:53
#167255
Paul Krugman... Paul Giamatti
on Wed, 12/16/2009 - 16:45
#166536
It looks to me TD didn't feel like reading any Krugman &CR followers' comments so he hit them with some negative numbers on captcha. Smart!
on Wed, 12/16/2009 - 17:00
#166562
Is it just me or is it that every time this guy's mouth opens it's a GS talking point?
And here I thought the only place I'd ever see a man with a tentacle up his ass was in some freaky Japanese porn.
on Wed, 12/16/2009 - 17:02
#166566
Krugman ..... Tin Foil Hat conspiracy theorist
on Wed, 12/16/2009 - 17:11
#166574
Krugman must wear a hat on rainy days.
on Wed, 12/16/2009 - 18:36
#166725
ABSOLUTELY perfect !!
thank you, Mr. Krugman, sir, for underscoring you own effective knowledge of this issue, or lack thereof.
keynesian retardation aside ... way to NOT mention paul montgomery; how cute and how oh so very mandelbrotty.
good examples too. left out any original thought, i wonder why.
oh, and to everyone who has failed to pick up as well: way to link TIME magazine to Madden video game covers. again, great original research / work: no one.
I won't be publishing for about a year n change; so if anyone wants to try and think outside the box in the interim ... go crazy.
on Wed, 12/16/2009 - 18:46
#166738
Krugman ..... Andrea Doria of economic thought
on Wed, 12/16/2009 - 19:59
#166847
at least da boyz from jersey know how to grace a magazine cover
http://knottywood-treasures.com/pictures/fdc_signers/obrien-sopranos.jpg