Paul Krugman

@paulkrugman ↗

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Last Checked Aug. 11, 2022

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Wed Jul 13 12:54:57 +0000 2022

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Paul Krugman @paulkrugman

Agree with this thread — today's hot inflation number is already out of date, not reflecting falling gasoline prices and other factors that have recently gone into reverse. But hard to imagine that the Fed won't hike by 75 anyway 1/ — PolitiTweet.org

Today’s inflation data showed continued rapid growth in the overall CPI, rising 9.1% year over year. A similar read… https://t.co/Wdx6bUSwhd

Posted July 13, 2022

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Paul Krugman @paulkrugman

Obligatory self-promotion: I invented currency crises in 1979 — not the thing itself, but the academic literature. Business has been good ever since. Also, an excellent article. — PolitiTweet.org

In which I use Sri Lanka's economic collapse to explain the basics of emerging-market crises: https://t.co/MBZRta8Vgy

Posted July 12, 2022

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Paul Krugman @paulkrugman

The good news is that I don't think this matters much. The long-term rates that matter for the real economy much more dependent on how high Fed funds eventually goes than on the precise path. The question really is how the Fed reacts if/when the numbers improve 2/ — PolitiTweet.org

Posted July 13, 2022