Princeton Professor Paul Krugman is among the most read and discussed economic blogs in the blogosphere. Recent postings warn of a lost decade, a double-dip recession, a long depression, and long-term high unemployment if deficit reduction continues to supercede stimulus.
Would someone who knows Paul ask him to comment on his investment strategy in general terms. Paul has substantial income beyond his professorial salary that provides an opportunity to invest outside the more limited choices of his Princeton 403(b).
What percentage of PK’s total real and financial assets are invested in property, fixed income financial instruments, equities (foreign vs. domestic), and such alternative investments as commodities, precious metals, and hedge funds? Does this allocation comport with his pessimistic economic prognosis?