Paul Krugman

@paulkrugman ↗

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Last Checked Feb. 14, 2022

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Sun Jan 09 14:32:39 +0000 2022

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Paul Krugman @paulkrugman

Suppose, for example, that core inflation Dec/Dec is 4+% while 4thQ average is 2.5% — which could happen simply because cost of shelter, which is 1/3 of the CPI and is more or less the average rent actually paid, spends most of the year catching up to new-residence rents 2/ — PolitiTweet.org

Posted Jan. 9, 2022

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Paul Krugman @paulkrugman

One thing I should have made clearer in the last newsletter is that there's a large chance that annual and, say, quarterly inflation will be telling very different stories by late this year 1/ https://t.co/j2U9FQ3eyS — PolitiTweet.org

Posted Jan. 9, 2022

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Paul Krugman @paulkrugman

In that case you could have headlines shrieking "eek! inflation" while the right read should be that the Fed has successfully engineered a soft landing. 3/ — PolitiTweet.org

Posted Jan. 9, 2022