Paul Krugman

@paulkrugman ↗

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Last Checked July 9, 2021

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Sat May 09 12:57:57 +0000 2020

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Paul Krugman @paulkrugman

The article I linked to barely mentions the obvious explanation: we had an incipient financial crisis in March, which drove corporate borrowing costs up and stocks down; but the Fed contained that crisis, so stocks rebounded 5/ https://t.co/Ppo0KmQw0N — PolitiTweet.org

Posted May 9, 2020 Hibernated

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Paul Krugman @paulkrugman

Although there were many people claiming that it was about debt fears (and way too much reportage simply stating this as a fact, which it wasn't) 4/ https://t.co/nQwpfMsqhc — PolitiTweet.org

Posted May 9, 2020 Hibernated

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Paul Krugman @paulkrugman

One unintended consequence of the Fed's success here may be that Trump and friends really do think the stock market is signaling the all-clear; so no more economic relief 6/ — PolitiTweet.org

Posted May 9, 2020 Hibernated