Tags: paul krugman | donald trump | economy | stock market

Economist Paul Krugman: Stock Market Gains Not Due to Trump

Economist Paul Krugman: Stock Market Gains Not Due to Trump
/AP(Mark Lennihan)

By    |   Monday, 18 December 2017 04:38 PM EST

An economist who holds a Nobel Prize doesn't think President Donald Trump deserves credit for America's booming stock market.

Paul Krugman spoke with Business Insider and explained why there isn't anything "Trumpian" regarding the current state of the economy.

"The economy's pretty good. It looks like close to full employment, although we don't know why wages aren't rising more," Krugman said. "There hasn't really been any policy change.

"And the convention, usually when people try to assess the economic impact of administrations, is to assume that the first year reflects the policies of the previous administration. So there's nothing that is Trumpian about what's going on."

Krugman noted that job growth has been ongoing for several years.

"The thing is, the economy's been adding jobs at a steady rate for years now. The rate of increase is leveling off," he said. "The curve is bending downwards. You can't see any Trump effect in there."

© 2024 Newsmax. All rights reserved.


Newsfront
An economist who holds a Nobel Prize doesn't think President Donald Trump deserves credit for America's booming stock market.
paul krugman, donald trump, economy, stock market
154
2017-38-18
Monday, 18 December 2017 04:38 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved