Paul Krugman

@paulkrugman ↗

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Last Checked Aug. 7, 2022

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Sat Jul 09 10:24:49 +0000 2022

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Paul Krugman @paulkrugman

Incidentally, even short-term inflation expectations seem to have come down a fair bit lately. Look at the yield on TIPS coming due about a year from now, which is way up — i.e., investors willing to pay less for inflation protection 4/ https://t.co/EGgugSyoOu — PolitiTweet.org

Posted July 9, 2022

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Paul Krugman @paulkrugman

A lot of this article seems to key off the BOE's Bailey saying that he can't control near-term inflation driven by energy and supply-chain shocks — which is not at all the same thing as a loss in long-term credibility 3/ — PolitiTweet.org

Posted July 9, 2022

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Paul Krugman @paulkrugman

What all this reminds me of is the period around 2009-10 when every uptick in long-term interest rates was attributed to fears about excessive debt — an attribution often stated as fact, not even a hypothesis — without a shred of evidence 5/ — PolitiTweet.org

Posted July 9, 2022