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Paul Krugman

@paulkrugman ↗

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Last Checked Dec. 14, 2020

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Wed Nov 18 22:13:12 +0000 2020

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Paul Krugman @paulkrugman

I've been arguing for a while that the Covid slump is more like 79-82 than 2007-9, when recovery was held back by severely impaired household balance sheets 4/ https://t.co/0K7wfJEj6v — PolitiTweet.org

Posted Nov. 18, 2020

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Paul Krugman @paulkrugman

But that isn't always the case after a severe recession. Pre-1990, recoveries tended to be rapid and V-shaped 3/ https://t.co/omGTXRFR8G — PolitiTweet.org

Posted Nov. 18, 2020

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Paul Krugman @paulkrugman

This time balance sheets were back by the middle of the year, and have surely improved since then 5/ https://t.co/C450Df2oJz — PolitiTweet.org

Posted Nov. 18, 2020