Paul Krugman

@paulkrugman ↗

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Last Checked May 13, 2022

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Wed Mar 16 18:32:04 +0000 2022

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Paul Krugman @paulkrugman

Imagine developers considering borrowing money to build new structures on spec (structures is mainly where Fed policy has traction). They can't take out a loan and convert it into real estate the same day 9/ — PolitiTweet.org

Posted March 16, 2022

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Paul Krugman @paulkrugman

But even 10-year real rate is very low; does this give a strong incentive to engage in real investment? You need to think about the actual process of real investment. 8/ — PolitiTweet.org

Posted March 16, 2022

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Paul Krugman @paulkrugman

They have to take time to decide to build; make plans; get permits; hire contractors; break ground; and only then do they purchase goods and services. So they get to invest not at today's prices, but at prices some months, maybe >1 year out 10/ — PolitiTweet.org

Posted March 16, 2022