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new york shock exchange
new york shock exchange

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Did Paul Krugman Predict Global Recession Or Engage In Cultural Appropriation? PDF Print E-mail
Image Stealing from black folks is a "custom of slavery." During slavery and decades afterwards white Americans felt "blacks had no rights that a white man needed to observe." Today they call the term "cultural appropriation." Everyone from the Kim Kardashian to Igg Azaelia have profited from it. Now add famed economist, Paul Krugman, to the list. Krugman claims to have predicted a global recession ( https://twitter.com/paulkrugman/status/796345564808019968 ), years after it had already materialized. However, Ralph Baker's Shock Exchange: How Inner-City Kids From Brooklyn Predicted the Great Recession and the Pain Ahead, warned about the Great Recession of 2008, and the next one that no one saw coming -- including Krugman. Below is the tete-a-tete between Mr. Krugman and Mr. Baker:

@PaulKrugman Having some second thoughts about my global recession call. As with Brexit, the short-run case isn't that clear. Still a disaster.
@ShockExchange Yeah. You're a real Nostradamus.
Mr. Krugman and several other economists had no clue about the Financial Crisis of '08. He and the mainstream media have gone on incessantly about how "no one saw it coming." That way the bevy of rock star economists never get punished for being wrong and can maintain their perch as being called "experts." If you call inner-city kids from Brooklyn "no one," then I guess they're right. That said, Krugman or any other expert, saw the next recession until years after the Shock Exchange wrote about it. Just like Kim Kardashian, he has found that stealing from blacks can be lucrative.  

On Shock Exchange 

With the critically acclaimed, Shock Exchange: How Inner-City Kids From Brooklyn Predicted The Great Recession And The Pain Ahead, author Ralph W. Baker, Jr. predicted the current global economic slow down, the demise of China, emerging markets and the pending stock market crash.

Where to Buy:

"Shock Exchange" is available electronically through Barnes & Noble (NOOK), Amazon (Kindle), iTunes, etc. The print version is available through the following retailers and bookstores:  

Print Version: 

Amazon http://www.amazon.com/

Barnes & Noble online http://www.barnesandnoble.com/

Hampden-Sydney College Bookstore: http://cougar.hsc.edu/cgi-bin/main_inv.exe , item number: 38561. Or call Jason Huskey at 434-223-6117.    


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