Paul Krugman

@paulkrugman ↗

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Last Checked July 6, 2022

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Tue May 24 17:06:24 +0000 2022

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Paul Krugman @paulkrugman

Aha. Joe Weisental beat me to it. https://t.co/Yy2DTkyHAP — PolitiTweet.org

What's odd about this thread -- attributing the market decline to fears of accelerating inflation -- is that breake… https://t.co/oFIOovCy4K

Posted May 24, 2022

Preceded By

Paul Krugman @paulkrugman

Um, what? Was just noticing that market expectations of inflation seem to be falling fast: 5-year breakeven was 3.6% two months ago, 2.9% now. Maybe inflation really is out of control, but markets don't seem to think so. — PolitiTweet.org

Inflation is out of control. Inflation expectations are getting out of control. Markets are imploding because inves… https://t.co/FcuZPXzl3j

Posted May 24, 2022

Followed By

Paul Krugman @paulkrugman

The point is that you can make a legitimate argument to the effect that the Fed isn't slamming on the brakes hard enough (I disagree, but could of course be wrong). But this is a claim about what's driving financial markets that seems to be flat-out false. — PolitiTweet.org

Posted May 24, 2022