Liberal economist Paul Krugman initially predicted a doomsday scenario for markets following President Donald Trump’s election on Nov. 8, 2016.
Following the 2016 election when markets began to plunge after Trump’s march towards an astounding victory, Krugman initially stated in The New York Times live election blog that “[i]t really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?” Krugman further suggested that “If the question is when markets will recover, a first-pass answer is never.”