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Paul Krugman

@paulkrugman ↗

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Last Checked July 9, 2021

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Sun May 10 14:08:15 +0000 2020

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Paul Krugman @paulkrugman

The market doesn't seem to agree! Never mind stocks: medium-term interest rates suggest that the market expects policy rates to be near zero for a long time 9/ https://t.co/ejt3fDlfzJ — PolitiTweet.org

Posted May 10, 2020 Hibernated

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Paul Krugman @paulkrugman

So where does the Covid-19 slump fit? Despite myself, I'm (very) guardedly optimistic. The virus is arguably more like the shock of temporarily high interest rates than like an overhang of excess household debt. So fairly fast recovery seems possible 8/ — PolitiTweet.org

Posted May 10, 2020 Hibernated

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Paul Krugman @paulkrugman

I ran that chart back to 2008 in order to show that markets can be wrong. In early stages of recovery from 2008 crisis markets effectively bet on a V-shaped recovery that never arrived. Making the same mistake in reverse now? 10/ — PolitiTweet.org

Posted May 10, 2020 Hibernated