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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (109113)	2/27/2010 10:46:28 PM
From: riversides	Respond to of 116555

The Deflationist How Paul Krugman found politics. by Larissa MacFarquhar March 1, 2010 newyorker.com When it is cold at home, or he has a couple of weeks with nothing to do but write his Times column, or when something unexpectedly stressful happens, like winning the Nobel Prize, the Princeton economist Paul Krugman and his wife, Robin Wells, go to St. Croix. Here it is warm, and the days are longer, and the phone doesn’t ring much. Here they live in a one-bedroom condo they bought a few years ago, nothing fancy but right on the beach. The condo’s walls are yellow and blue, the furniture is made of wicker, there are pillows and seashells. There are tall, sprawling bougainvillea bushes along the side of the road. “We first fell in love with St. John,” Krugman says. “It was New York lawyers who’d decided to give up on the whole thing and live on a houseboat and wear their gray ponytails.” “But St. John went too upscale,” Wells says. “Our complex is more Midwesterners. Retired car dealers and so on.” The east end of St. Croix is something of a tourist spot, but the west end, where they decided to settle, is where the Crucians live, and it has a Jimmy Buffett feel to it that they like. In Frederiksted, the west end’s tiny town, there are a couple of coffee shops, a KFC, a Wendy’s, a few churches, a post office, and a promenade by the sea with concrete picnic tables. Not many people about. Farther out along the coast, there are beach bars with plastic chairs and Christmas lights, men with beards and very tanned middle-aged women sitting and smoking in the afternoon. In the late afternoon, they lie on beach loungers underneath a clump of sea-grape trees, facing the ocean. Krugman sips a piña colada through a straw and reads the galleys of a book about the financial crisis. They were thinking of having dinner at a place in town, but then they discovered that there was to be an Elvis impersonator singing there, so they decided to go to the Sunset Grill, where the stereo is playing Wings. It’s getting buggy on the beach, and Wells hands Krugman a can of Off. The tide is coming in. Krugman puts his book down, eases himself out of his lounger, and, still wearing his hat and sunglasses, wades cautiously into the sea. “The Deflationist” continues Page of 12 Next > Last >\|