Being wrong is Paul Krugman's specialty. Yeah, I know he won a Nobel Prize in Economics. And Yassir Arafat won a Nobel Peace Prize. Your point?
The fun thing about Krugman is that he's willing to make such brash predictions, usually having to do with economic disaster being created by Republicans. And when he turns out to be wrong, since the Internet is forever, we get to do what I'm going to do right now.