Paul Krugman

@paulkrugman ↗

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Last Checked Aug. 4, 2022

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Fri Jul 08 13:12:52 +0000 2022

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Paul Krugman @paulkrugman

Ceci n'est pas une wage-price spiral. Actually consistent with ~3 percent underlying inflation. Also, remember that jobs data are for the payroll period including the 12th of the month, so may be a bit dated https://t.co/eKjMHGRPQ6 — PolitiTweet.org

Posted July 8, 2022

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Paul Krugman @paulkrugman

Old joke about the motorist who runs over a pedestrian, then tries to fix the mistake by backing up — and runs over the pedestrian a second time. I fear that something like that may be about to happen in economic policy. https://t.co/Z9wvHJHgwm — PolitiTweet.org

Posted July 8, 2022

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Paul Krugman @paulkrugman

Definitely the biggest disconnect on these numbers. But over my professional life I've seen some big disconnects on other numbers, usually involving international trade; the explanation always turned out to be bad data1/ — PolitiTweet.org

In the last two quarters: GDP: -1% (assuming GDP Now is correct, a big assumption) Employment: +2% We have never… https://t.co/JhkClegpGu

Posted July 8, 2022