Paul Krugman

@paulkrugman ↗

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Last Checked July 9, 2021

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Sun May 10 14:12:30 +0000 2020

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Paul Krugman @paulkrugman

Two big caveats: First, recovery depends on dramatic decline in social distancing, which depends on virus/fear of virus. If premature opening leads to extended plateau or 2nd wave, slump can go on and on 11/ — 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

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Paul Krugman @paulkrugman

Second, while structural problems didn't bring on the slump, slump may create problems that extend its shadow — eg state fiscal crises, widespread household and business bankruptcies etc 12/ — PolitiTweet.org

Posted May 10, 2020 Hibernated