Paul "We need a housing bubble" Krugman reaches new heights in objective, hypocrisy-free self-assessment. In his latest blog entry analyzes the destructive effects of the magazine cover effect. He should know...
Reading anything by Krugman these days is all about getting an understanding of why drowning in infinite debt within a decade to finance stimulus after stimulus is really a pretty swell thing. Well, today the Nobel-prize winner has decided to go on pro-stimulus hiatus and instead is focusing on providing asset allocation advice. According to Bloomberg, "Nobel Prize-winning economist Paul Krugman said he plans to sell some of his investments in Brazil, Latin America’s biggest economy, on concerns that asset prices are over-valued."
What could possibly connect Best Buy, Paul Krugman and the carry trade? The answer is is that everything is connected.