Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 8, 2020

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Sat Aug 08 16:08:54 +0000 2020

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Paul Krugman @paulkrugman

The implied inflation forecast is actually lower than it was last year; what's happened is a plunge in yields, reflecting economic pessimism. Some weirdness in March, which I'll explain next 3/ — PolitiTweet.org

Posted Aug. 8, 2020

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Paul Krugman @paulkrugman

Here's the 10-year breakeven inflation rate — the rate that would equalize yields on inflation-protected and ordinary bonds — plus the yield on those inflation-protected bonds 2/ https://t.co/A3ioU6SqvV — PolitiTweet.org

Posted Aug. 8, 2020 Hibernated

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Paul Krugman @paulkrugman

So, in March there was a near-collapse of financial markets, which drove down the price of anything not totally liquid, including inflation-protected bonds. Hence a brief yield spike and fall in apparent inflation expectations. But it was just a blip 4/ — PolitiTweet.org

Posted Aug. 8, 2020