Gold for June delivery climbed $25.20, or 1.7%, to settle at $1,556.40 an ounce on the Comex. Silver’s July contract also closed up $1.06, or 2.2%, at $48.60 an ounce.
 |
| Paul Krugman, his wife, Robin Wells, who refuses to use his name, and his cats. |
Friday, April 29, 2011
Gold Futures Jump $25.20; Will Krugman's Cats Go Crazy?
As Paul Krugman prints even more charts "proving" there is no serious price inflation, gold and silver continue to soar.
Gold for June delivery climbed $25.20, or 1.7%, to settle at $1,556.40 an ounce on the Comex. Silver’s July contract also closed up $1.06, or 2.2%, at $48.60 an ounce.
Note to Paul, a climb of 1.7% in the gold price in one day is a greater annualized inflation rate than a 2.0% annual inflation rate. This is about prices starting to accelerate at very rapid rates. Paul, you are so off base that at some point NYT may have to fire you, and your cats will probably be embarrassed to be seen with you.
Gold for June delivery climbed $25.20, or 1.7%, to settle at $1,556.40 an ounce on the Comex. Silver’s July contract also closed up $1.06, or 2.2%, at $48.60 an ounce.
Subscribe to:
Post Comments (Atom)
Krugman is a caricature of the typical liberal. Profoundly wrong on economics, childless, politically correct, arrogant, and condescending. To top things off, his frigid wife won't take his name, and they pretend that their cats are their children.
ReplyDeleteYou have a tiny, hateful mind. Criticize him on what he says, but don't stoop to insulting his family. And for your information, a lot of women keep their own names; it is not an insult to their husbands.
DeleteCriticize Krugman on what he says, but don't stoop to insulting his family. And for your information, a lot of women keep their own names; it is not an insult to their husbands.
DeleteKrugman has become the laughing stock and poster child for fallacious economic thinking in the world of finance and economics. Even some of the more financially knowledgeable mainstream lefties are starting to make fun of his thinking now. No respectable editorial financial journalist would dare quote Krugman today, other then to discredit someone elses theories, by showing that Krugman supports it. Heck some financial writers even make Krugman's thinking the source of humor. The only people you seem to hear citing Krugman as a source in an economic argument are the financially and economically ignorant.
ReplyDeleteWhile I know he is widely read, I honestly don't beleive that he has the credibility he had even 3 years ago. He has been wrong so often over the last decade, that he is more read for entertainment then serious economic thought.
The economist that needs to be watched and exposed as much or even more so then Krugman is Stiglitz. Stiglitz is far more influential and a heck of a lot more dangerous then Krugman is or ever was. While Krugman may make lots of fallacious economic arguments, Stiglitz on the other hand has the influence and connections to implement his fallacious economic theories.
"frigid" is out of line. Don't go attacking Ms. Wells just because of who she's married to.
ReplyDeleteThe NYT's owned, The Boston Globe had an article in their paper today about makers of household goods raising prices.
ReplyDeleteMaybe Paul should ease up on the charts and just read The Boston Globe !
Why do guys like Krugman and Olbermann always own cats, never a Labrador Retriever?
ReplyDeleteI don't like Krugman's positions either, but it's a bit much to start dragging his marriage and his cats into it.
ReplyDelete" Why do guys like Krugman and Olbermann always own cats, never a Labrador Retriever?"
ReplyDeleteHey, I like cats too. Independent, libertarian animals. :)