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Paul Krugman

@paulkrugman ↗

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Last Checked Aug. 1, 2022

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Wed Jul 06 14:06:51 +0000 2022

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Paul Krugman @paulkrugman

So far they don't, although when we get numbers for June they may not reflect the recent downshifting in expectations. In particular, retail gas prices didn't peak until mid-June 7/ https://t.co/VepIpM7bnc — PolitiTweet.org

Posted July 6, 2022

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Paul Krugman @paulkrugman

Now, bond markets don't set wages and prices, so what we really want are the expectation of people who do — which could in principle be different. Consumer surveys like Michigan and NYFed still don't quite get there, but it would be worrisome if they told a v different story 6/ — PolitiTweet.org

Posted July 6, 2022

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Paul Krugman @paulkrugman

And retail prices are still a long way from reflecting the crash in wholesale prices, down almost $1 a gallon from the peak 8/ https://t.co/EWa89wGI0i — PolitiTweet.org

Posted July 6, 2022