The Seminal » Krugman Says Don’t Worry About the Stock Market

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Krugman Says Don’t Worry About the Stock Market

By: Ari Thursday November 20, 2008 6:25 pm

But be scared:

Panic about the credit markets instead. Interest rate on 3-month Treasuries at 0.02%; interest rate on high-yield (junk) bonds over 20%. This is an economic emergency.

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One Response to “Krugman Says Don’t Worry About the Stock Market”

bluebutterfly November 21st, 2008 at 6:42 am

google: US seeks 300 billion dlrs from Gulf states: report

If this is true..expect the price of oil to rise dramatically.

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