Paul Krugman

@paulkrugman ↗

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Last Checked July 9, 2021

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Thu Jul 01 13:10:46 +0000 2021

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Paul Krugman @paulkrugman

We're in an era in which it's really frustrating that there aren't futures markets for used cars the way there are for lumber, so that we can't keep real-time track of a key factor in recent inflation numbers 4/ — PolitiTweet.org

Posted July 1, 2021

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Paul Krugman @paulkrugman

I mean, we're now in an era where things change so fast that you really have to know that the BLS job number for "June" is really for the pay period including June 12, so could be significantly out of date 3/ — PolitiTweet.org

Posted July 1, 2021

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Paul Krugman @paulkrugman

And yet ordinary monthly data are now very noisy, largely because the raw data are useless without adjustments that have been thrown out of whack because of the pandemic and its aftermath. 5/ — PolitiTweet.org

Posted July 1, 2021