Paul Krugman

@paulkrugman ↗

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Last Checked Jan. 13, 2022

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Sun Nov 28 19:11:18 +0000 2021

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Paul Krugman @paulkrugman

5-year breakeven is 2.9%, implying inflation beyond 2 years substantially lower. So bond market is in effect saying it believes inflation is transitory 2/ https://t.co/7XAam0H1IG — PolitiTweet.org

Posted Nov. 28, 2021

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Paul Krugman @paulkrugman

For reference: inflation-protected Treasury due Jan 2024 is yielding -2.766, while nominal bond yielding 0.562. So implied 2-year inflation breakeven is ~3.3% 1/ https://t.co/fl2zU5H36X https://t.co/tiZOZlE0EG — PolitiTweet.org

Posted Nov. 28, 2021

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Paul Krugman @paulkrugman

Of course, market doesn't have to be right. But economists declaring that the Fed must concede that this isn't transitory are arguing with the market as well as the Fed 3/ — PolitiTweet.org

Posted Nov. 28, 2021