Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 22, 2020

Created

Wed Aug 28 14:04:56 +0000 2019

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Paul Krugman @paulkrugman

People are talking a lot about the inverted yield curve but not, I think, enough about the reason the curve inverted: the incredible plunge in long-term rates, from 3.2% last fall to just 1.45% this morning. That represents a huge shift toward economic pessimism 1/ — PolitiTweet.org

Posted Aug. 28, 2019 Hibernated

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Paul Krugman @paulkrugman

And any notion that the Tea Party failed in its objectives is nonsense. It was all about racial animosity; and now they have a president who legitimizes and feeds that animosity. They don't care about deficits, and never did 3/ — PolitiTweet.org

Posted Aug. 28, 2019 Hibernated

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Paul Krugman @paulkrugman

The yield curve inversion is because the Fed hasn't followed long rates all the way down (yet); but it's the rate plunge that's telling you about economic sentiment. So what's going on? 2/ — PolitiTweet.org

Posted Aug. 28, 2019 Hibernated