Paul Krugman

@paulkrugman ↗

Deleted No

Hibernated No

Last Checked Sept. 15, 2020

Created

Wed Aug 19 13:18:27 +0000 2020

Likes

886

Retweets

147

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

Paul Krugman @paulkrugman

What affects this discounted value? The expected state of the economy over the next few quarters *shouldn't* matter much, as long as we're eventually going to recover. What should matter a lot, however, is the discount rate 3/ — PolitiTweet.org

Posted Aug. 19, 2020

Preceded By

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

Followed By

Paul Krugman @paulkrugman

That is, how much should an expected dollar of FAANG profits 5 years from now be worth today? That depends on the returns on alternative assets — like, say, inflation-protected government bonds. And those returns are at record lows 4/ https://t.co/B2HM85FRLK — PolitiTweet.org

Posted Aug. 19, 2020