In 2016, Paul Krugman said the markets would ‘never recover’ from Trump’s victory. Ha!
Donald Trump’s Twitter bragging about the soaring stock market can be tiresome. Come on — it’s not all about you, Mr President. It is worth bearing in mind, however, that, as Dominic suggests, under President Hillary Clinton, the world would probably not have enjoyed such a boom. And as the Nasdaq breaks 8000 for the first time, it’s also worth rewinding the clock to when Trump won the presidential election. Let’s look at what Paul Krugman predicted, in November 2016. I quote at length: ‘If the question is when markets will recover, a first-pass answer is never.