Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 14, 2020

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Wed Aug 19 13:12:18 +0000 2020

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Paul Krugman @paulkrugman

One really encouraging thing about the past few days is that nobody seems to care about the stock market hitting new highs. Good judgment! The stock market is not the economy. Still, is there a puzzle here? Less than you might imagine 1/ — PolitiTweet.org

Posted Aug. 19, 2020

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Paul Krugman @paulkrugman

With everything else going on, not sure how many people are tracking the fiscal cliff. But if I'm reading daily Treasury stmt right, so far this month the feds have paid out $29.5 b in UI, compared with $60.8 b for the same period last month. Huge hit to unemployed in progress — PolitiTweet.org

Posted Aug. 18, 2020

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Paul Krugman @paulkrugman

In 2020, the stock market is dominated by a handful of tech giants that can expect to earn a steady stream of monopoly or quasi-monopoly rents for years to come. The value of these companies should depend on the discounted value of those streams2/ — PolitiTweet.org

Posted Aug. 19, 2020