Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 2, 2021

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Sat Jun 13 12:33:38 +0000 2020

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Paul Krugman @paulkrugman

Good FT piece on the "retail bros" driving the stock market. It's like the dotcom bubble, only much, much stupider. I mean, buying Hertz makes far less sense than buying https://t.co/kSgzBa9E7Y. 1/ https://t.co/18VTGtR2rj — PolitiTweet.org

Posted June 13, 2020 Hibernated

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Paul Krugman @paulkrugman

So even if we don't have another spike like what happened in April, this is a disaster of the first magnitude 3/ — PolitiTweet.org

Posted June 12, 2020 Hibernated

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Paul Krugman @paulkrugman

What makes it possible? Partly there was an initial rally that made sense, driven by Fed intervention. Partly investors who aren't crazy lack all conviction: who knows what anything is worth in a time of Covid. So FOMO (fear of missing out) rules 2/ — PolitiTweet.org

Posted June 13, 2020 Hibernated