Paul Krugman

@paulkrugman ↗

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Last Checked July 15, 2022

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Fri Jun 17 17:02:41 +0000 2022

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Paul Krugman @paulkrugman

We keep hearing about retailers who overreacted to supply chain problems, and are about to cut prices to shed excess inventory. Energy prices may fall despite Russia/Ukraine because of global slowing etc. 5/ — PolitiTweet.org

Posted June 17, 2022

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Paul Krugman @paulkrugman

It's unfair — but it's also possible that the unfairness may soon be cutting the other way. Underlying inflation will probably be slow to respond to Fed tightening; other prices may fall much faster, for a variety of reasons 4/ — PolitiTweet.org

Posted June 17, 2022

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Paul Krugman @paulkrugman

So it wouldn't be surprising if a few months from now careful analysis will say that underlying inflation is still too high, but consumers are seeing dropping prices for salient goods. If so, what are the political implications? 6/ — PolitiTweet.org

Posted June 17, 2022