Paul Krugman

@paulkrugman ↗

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Last Checked July 9, 2021

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Fri May 01 13:11:38 +0000 2020

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Paul Krugman @paulkrugman

The first key point is that interest rates have plunged. Here's the rate on 30-year Treasuries, which has fallen almost in half this year. This corresponds to a rise in price: if you bought a $1000 bond late last year, it would be worth around $1800 now 3/ https://t.co/Nn2q9smFVp — PolitiTweet.org

Posted May 1, 2020 Hibernated

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Paul Krugman @paulkrugman

The stock market plunged briefly in March, but rebounded strongly in April, to levels comparable to late fall. There hasn't been any comparable swing in economic news, which just keeps getting worse. So what's going on? 2/ https://t.co/tdfqHhrVom — PolitiTweet.org

Posted May 1, 2020 Hibernated

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Paul Krugman @paulkrugman

So imagine a company you expect to have fairly steady profits over the long term. The price of that stock should move like bond prices — that is, it should be way up. Even given adverse impacts of the virus, fairly strong stock prices not really a surprise 4/ — PolitiTweet.org

Posted May 1, 2020 Hibernated