Paul Krugman

@paulkrugman ↗

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Last Checked Nov. 18, 2022

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Wed Oct 19 13:47:41 +0000 2022

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Paul Krugman @paulkrugman

What this means, I think, is that the impact of soaring interest rates on the economy, which works largely through housing, is still mostly ahead of us. We'll know more when we get advance estimates of residential investment in 3rd quarter GDP 2/ — PolitiTweet.org

Posted Oct. 19, 2022

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Paul Krugman @paulkrugman

From the always valuable Bill McBride: Housing starts falling fast, but # of houses under construction hitting a record — because of lags, probably exacerbated by supply-chain issues 1/ https://t.co/IWMsaSXLuV — PolitiTweet.org

Posted Oct. 19, 2022

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Paul Krugman @paulkrugman

But I'd argue that there's a lot of economic contraction still in the pipeline. I'd hope the Fed is paying attention 3/ — PolitiTweet.org

Posted Oct. 19, 2022