The Right Coast

Editor: Thomas A. Smith
University of San Diego
School of Law

Thursday, May 14, 2009

Krugman concedes
Tom Smith

Or maybe it's one of those quantum mechanical things that we're not smart enough to understand.

But, uh, unfortunately, and just to show how objective I am, I tend to agree with what Krugman is saying now about the market, that it seems to be pricing in a fast recovery that's not coming.  Somehow, however, it has to be taken into account that I am nearly always wrong about whether the market is over- or under-priced at any given time.

https://rightcoast.typepad.com/rightcoast/2009/05/krugman-concedes-tom-smith-.html

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