I'm not sure that the current value of the NASDAQ is justified, but I'm not sure that it isn't.
Paul KrugmanClose the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you cannot keep unsound financial institutions operating simply because they provide jobs.
Paul KrugmanThere has been plenty to criticize about President Obamaโs handling of the economy. Yet the overriding story of the past few years is not Mr. Obamaโs mistakes but the scorched-earth opposition of Republicans, who have done everything they can to get in his way - and who now, having blocked the presidentโs policies, hope to win the White House by claiming that his policies have failed.
Paul Krugman