Paul Krugman

@paulkrugman ↗

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Last Checked Nov. 26, 2022

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Mon Oct 24 16:24:35 +0000 2022

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Paul Krugman @paulkrugman

Also on tap, Thursday, advance GDP. Let me lay down a marker — not for the overall number but for residential investment. We know that the bottom is falling out of the housing market, with mortgage applications way down 3/ https://t.co/Ve3FrouODJ — PolitiTweet.org

Posted Oct. 24, 2022

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Paul Krugman @paulkrugman

Like a lot of economists I'll be watching Friday's Employment Cost Index — especially the measure that excludes incentive pay and arguably gives a better picture of underlying wage growth 2/ — PolitiTweet.org

Posted Oct. 24, 2022

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Paul Krugman @paulkrugman

Somewhat perversely, there will be a good case for the Fed to slow down if residential investment *hasn't* plunged yet — because that would mean that the economy hasn't yet felt most of the effects of the rate hikes so far 4/ — PolitiTweet.org

Posted Oct. 24, 2022