Paul Krugman

@paulkrugman ↗

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Last Checked Nov. 6, 2021

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Tue Sep 21 17:36:25 +0000 2021

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Paul Krugman @paulkrugman

There seems to be a broad consensus that while bad, this isn't China's Lehman moment. Of course, broad consensuses have been wrong a lot these past 15 years. But here's the thing: even the Lehman moment wasn't really a Lehman moment 2/ — PolitiTweet.org

Posted Sept. 21, 2021

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Paul Krugman @paulkrugman

We cannot have a Chinese financial crisis right now. My schedule is already full. Anyway, trying to come up to speed on Evergrande; this post by Michael Pettis is helpful 1/ https://t.co/VTZHOVWnNL — PolitiTweet.org

Posted Sept. 21, 2021

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Paul Krugman @paulkrugman

What I mean is that the financial disruption of 2008-9 was fairly brief — but the economy stayed depressed for many years thereafter, suggesting that the liquidity crisis was less of the story than longer-term factors 3/ https://t.co/3I0c7oe6GC — PolitiTweet.org

Posted Sept. 21, 2021