After extolling the economic recovery in Paul Krugman's sunny column yesterday, the NYT had to muddy the waters with a partly cloudy '"news" article designed to rain on Krugman's parade. Although, in all honesty, even the cherry picked data the reporter used was pretty weak. About halfway through the story, the reporter all but admitted deflation was as much a possibility as inflation in 2024. If you managed to read all the way to the end, you can read her pet economist assert there are "risks'' to the economy on the horizon. Meanwhile, we wonder why many people are pessimistic about said economy.
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