Paul Krugman

@paulkrugman ↗

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Last Checked June 4, 2021

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Thu Apr 30 21:09:04 +0000 2020

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Paul Krugman @paulkrugman

Imagine a company whose profits you didn't expect to be significantly hurt by Covid-19; you'd expect a similar rise in its share price. So even companies that will be hit could see gains simply bc of low rates 4/ — PolitiTweet.org

Posted April 30, 2020 Hibernated

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Paul Krugman @paulkrugman

One example, which just happened to be easily accessible: iShares long term Treasury ETF. It's up about 30% since last fall 3/ https://t.co/ShBtA75vAq — PolitiTweet.org

Posted April 30, 2020 Hibernated

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Paul Krugman @paulkrugman

So resilience of stocks not as much of an anomaly as people may think — but also not a good omen for the economy. It mostly says that there are no good investments out there, so stocks are attractive even in a pandemic 5/ — PolitiTweet.org

Posted April 30, 2020 Hibernated