In the wee hours of Wednesday morning, when the vote totals indicated a Trump victory, the Dow Jones Industrial Average dropped 750 points on the future trade. Lefty New York Times economist Paul Krugman made a bold prediction, and shared it.
“It really does now look like President Trump,” Krugman wrote in his blog. “Markets are plunging. When might we expect them to recover? If the question is when markets will recover, a first-pass answer is never.”
Krugman’s gloom-and-doom continued: “We are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.” (ie Trump’s victory)
Hours later the world got a chance to see the value of Mr. Krugman’s predictive talent. The stock market reversed course. After bottoming out, all the early losses were erased. Later in the day, the Dow surged above its all-time closing high. It ended the day just a few points below that mark with a gain of 257 points.
The market that economist Paul Krugman predicted would “never” come back, recovered and soared within hours. Not days. Not months. Not years. Not never. Hours!
This perfectly illustrates the hysteria the Drive-By Media has created with their irrational fear-mongering. And proves that the rest of the country doesn’t buy into their anti-Trump delusions. Which is why the world now calls him: President-Elect.