Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 23, 2022

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Thu Oct 06 11:38:35 +0000 2022

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Paul Krugman @paulkrugman

You can see the lags if you look at housing, which is one of the two main places where Fed policy gains traction. 6/ https://t.co/EkUgEcBzyu — PolitiTweet.org

Posted Oct. 6, 2022

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Paul Krugman @paulkrugman

Which is more or less what I've been saying 5/ https://t.co/FvX61a1jka — PolitiTweet.org

But look at the 1981-2 recession, which was a relatively pure case of the Fed hitting the economy upside the head.… https://t.co/jvfLQM5R0T

Posted Oct. 6, 2022

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Paul Krugman @paulkrugman

Permits are already down a lot, with more probably coming. But the road from permits => housing starts => max construction employment takes a long time, so construction employment hasn't fallen yet. 7/ — PolitiTweet.org

Posted Oct. 6, 2022