Cryptocrash

Paul Krugman: “This crash may have political consequences. At least some young men supported Trump because they believed that he would enhance their crypto investments, and have remained favorable because he seemed to be delivering. I don’t know how many bitterly disillusioned bros there will be now, but there will be some.”

“And in general the whole ‘Say what you like about Trump, but markets are up’ mindset must be under severe strain.”