July 18, 2005

DOES PAUL KRUGMAN KNOW ABOUT THIS?:

Shares pick up as optimism grows (BBC, 7/18/05)

Stock markets around the world have soared on healthy expectations for sales and profits at key firms.

In the US, the S&P 500 index hit a four-year high of 1,227.92, while the technology-focused Nasdaq recorded its best finish this year at 2,156.78.

Asian stocks also surged as tech stocks followed US peers higher, with Japan's Nikkei 225 up 1.7% for the week and South Korea's Kospi at a 10-year peak.

Investors were also encouraged by more signs of economic solidity in the US.

Posted by Orrin Judd at July 18, 2005 12:00 AM
Comments

Krugman's recent column said (paraphrasing) "Ok so maybe unemployment, GDP, and the deficit are all getting better. But the economy still sucks because people feel unhappy."

Posted by: Gideon at July 18, 2005 1:26 PM

Krugman should publish the status of his own accounts before pissing all over the economy.

And his cat should be attached to the shuttle launcher - they wouldn't need those balky fuel gauges.

Posted by: ratbert at July 19, 2005 12:00 AM
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