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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (60199)	6/21/2007 5:35:50 AM
From: Sully-	Read Replies (2) \| Respond to of 90947

June 20, 2007 Paul Krugman Four Years Ago Today Posted by edelfenbein Crossing Wall Street June 20, 2007 <<< The big rise in the stock market is definitely telling us something. Bulls think it says the economy is about to take off. But I think it's a sign that America is still blowing bubbles — that a three-year bear market and the biggest corporate scandals in history haven't cured investors of irrational exuberance yet. >>> And. <<< In short, the current surge in stocks looks like another bubble, one that will eventually burst. Paul Krugman June 20, 2003 >>> From a reader: <<< He lied! Krugman knew there was disagreement among investment consultants as to whether the market was a bubble or for real, and he intentionally massaged the indicators, and hyped the financial intelligence to make everyone believe there was a link between the current bull market and the bubble of 2000. How many people sold their stocks on Krugman's intentionally misleading misrepresentation and failed to realize the gain that came with the continuing bull market? Krugman lied, profits died! >>> crossingwallstreet.com pkarchive.org