Afternoon Vid: Paul Krugman Gets Grim on Economy

The Nobel Prize-winning economist thinks the American economy is likely to shrink in 2010

Decorated Princeton economist Paul Krugman appears to be giving so-called "Dr. Doom" Nouriel Roubini a run for his money in the pessimism department. In a video that's getting a lot of buzz in the blogosphere, Krugman is seen on This Week predicting economic contraction in 2010, agreeing with fellow Nobel laureate Joseph Stiglitz. In particular, Krugman says he's "really worried about the second half" of 2010, in which he thinks there's a "reasonably high chance" that the economy will shrink.