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Paul Krugman

@paulkrugman ↗

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Last Checked Feb. 15, 2022

Created

Thu Jan 13 13:36:20 +0000 2022

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Paul Krugman @paulkrugman

If we look at expected 5-year inflation, it's a lot lower — about 2.8% 3/ https://t.co/YzgVNlVhng — PolitiTweet.org

Posted Jan. 13, 2022

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Paul Krugman @paulkrugman

The one-year rate on ordinary Treasuries is 0.48%. So implied expected inflation for the next year is about 3.7% (which may be a bit low, but the accuracy isn't my current point) 2/ https://t.co/xXrXQXjxQV — PolitiTweet.org

Posted Jan. 13, 2022

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Paul Krugman @paulkrugman

If you do the arithmetic, this says that the bond market is expecting only about 2.3% inflation after this year. Why does this matter? Not because the bond market is necessarily right, but because the big concern right now is that inflation will get embedded via expectations 4/ — PolitiTweet.org

Posted Jan. 13, 2022

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