Matthew Yglesias

@mattyglesias ↗

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Last Checked Feb. 15, 2023

Created

Mon Nov 21 16:20:14 +0000 2022

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115

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Matthew Yglesias @mattyglesias

One thing is that once “inflation will be transitory” proved wrong everyone wants to say they knew it was wrong all along, but the bond market agreed with Biden & the Fed so there’s more genuine whiplash than anyone wants to own up to. — PolitiTweet.org

Posted Nov. 21, 2022 Hibernated

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Matthew Yglesias @mattyglesias

I think a lot of interesting stuff happening in the business world that people are currently writing interesting explanations of is actually just boring downstream of interest rates going up really fast in 2022. — PolitiTweet.org

Posted Nov. 21, 2022 Hibernated

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Matthew Yglesias @mattyglesias

Add to that a decent chunk of the people who *did* think inflation would persist read the implication of persistence for crypto prices backward and there just wasn’t much prudent planning for the rapid normalization of interest rates. — PolitiTweet.org

Posted Nov. 21, 2022 Hibernated