Paul Krugman

@paulkrugman ↗

Deleted No

Hibernated Yes

Last Checked July 9, 2021

Created

Fri May 01 13:23:52 +0000 2020

Likes

209

Retweets

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

Paul Krugman @paulkrugman

But the Fed rode to the rescue, with massive asset purchases that contained the losses. The incipient financial crisis faded away, while low interest rates continued to give stocks a boost 7/ https://t.co/32TG3ID2Mz — PolitiTweet.org

Posted May 1, 2020 Hibernated

Preceded By

Paul Krugman @paulkrugman

The best story for that, I think, is the old Shleifer-Vishny 1997 point: even though some corporate debt was clearly undervalued, big losses depleted the capital of firms that would normally bid up the price of that debt 6/ https://t.co/7gp6YZ1lV6 — PolitiTweet.org

Posted May 1, 2020 Hibernated

Followed By

Paul Krugman @paulkrugman

Two lessons here. First, the Fed saved the world economy from total disaster (again). Second, the stock rebound is not a sign that everything will soon be OK. It's not telling us that the economy is great, but rather that investment opportunities other than stocks are lousy 8/ — PolitiTweet.org

Posted May 1, 2020 Hibernated