Paul Krugman

@paulkrugman ↗

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Last Checked Aug. 25, 2020

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Mon Aug 05 19:27:33 +0000 2019

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Paul Krugman @paulkrugman

"It is, I suspect, the greater risk of catastrophic medium-run outcomes, rather than the proximate impact of trade conflicts, that is driving the outsize market reactions to trade negotiation news." Basically investors are starting to sense that Trump and Xi are out of control 2/ — PolitiTweet.org

Posted Aug. 5, 2019 Hibernated

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Paul Krugman @paulkrugman

The trade news has been bad. But 3% decline in stocks, worst yield curve inversion in a very long time, bad? Larry Summers actually had a perceptive piece arguing that markets are taking trade policy as a signal of potentially much worse conflict 1/ https://t.co/Yhyy54giTh — PolitiTweet.org

Posted Aug. 5, 2019 Hibernated

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Paul Krugman @paulkrugman

Of course these market reactions themselves have real consequences. Recession chances are definitely higher, in part thanks to self-fulfilling prophecy 3/ — PolitiTweet.org

Posted Aug. 5, 2019 Hibernated