The Pastrami Principle – Paul Krugman – The New York Times

Paul Krugman, Laureate of the Sveriges Riksban...

Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Royal Swedish Academy of Sciences in Stockholm (Photo credit: Wikipedia)

This is an interesting read from Paul Krugman, in his NYT op-ed blog. Check it ou!

Beware politicians — Republican or Democratic — who sneer at voters.

Source: The Pastrami Principle – The New York Times

Whilst I respect Krugman on economic issues, politically he’s too liberal and biassed against conservative values for me.

Thoughts?

Paul Krugman against December rate hike – Business Insider

Paul Krugman, Laureate of the Sveriges Riksban...

Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Royal Swedish Academy of Sciences in Stockholm (Photo credit: Wikipedia)

The Business Insider cites Nobel winning economist, Paul Krugman, writing in his NYT blog. Krugman claims, “The arguments against an early rate rise remain compelling, and shouldn’t be abandoned based on one month’s data.”

Source: Paul Krugman against December rate hike – Business Insider

Personally, I agree with Krugman. It’s too easy for one month’s statistical data to have rogue spikes. It’s better to look at the trend over several months.

In my view, the Fed would be cautious of acting prematurely on interest rates and then having to reverse it – this would be a major embarrassment.

Thoughts?