Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 22, 2020

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Wed Aug 28 14:06:36 +0000 2019

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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

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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

I think we have to be fair and acknowledge that it might be a bubble: people buying bonds bc others are buying bonds. But I think it's more about investors finally capitulating on the reality of Trumpism 3/ — PolitiTweet.org

Posted Aug. 28, 2019 Hibernated