Matthew Yglesias

@mattyglesias ↗

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Last Checked Sept. 28, 2022

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Tue May 24 17:41:57 +0000 2022

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Matthew Yglesias @mattyglesias

I should clarify — I am not worried about an inflationary spiral and neither are financial markets. But that’s because we are expecting further rate hikes not because we’re expecting the inflation to vanish. — PolitiTweet.org

@mattyglesias What expectations/spirals? 5y5y breakevens aren't indicating spirals at least.

Posted May 24, 2022 Hibernated

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Matthew Yglesias @mattyglesias

80% agree with this but want to underscore that there have been large negative shocks associated with the Russia-Ukraine war that would be causing tons of problems even if demand-side policy were flawless. — PolitiTweet.org

I think these are true: 1) surging inflation was caused mainly by high demand 2) we’re ending most of the original… https://t.co/mbeDdqpnbS

Posted May 24, 2022 Hibernated

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Matthew Yglesias @mattyglesias

That’s why the supply-side stuff is important — if it was *just* demand, I’d say “the Fed will raise rates and reduce demand and it will be fine.” Throw the supply problems into the mix and stabilizing demand risks creating a recession so everyone is (rightly) worried. — PolitiTweet.org

Posted May 24, 2022 Hibernated