Paul Krugman

@paulkrugman ↗

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Last Checked July 9, 2021

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Fri May 01 13:15:09 +0000 2020

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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

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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

So what was that March plunge about? For a little while we were on the edge of a major financial crisis. Some companies will very likely go under bc of Covid-19, and there was financial contagion to the rest of the corporate bond market 5/ https://t.co/Gcibh4wjtY — PolitiTweet.org

Posted May 1, 2020 Hibernated