Paul Krugman

@paulkrugman ↗

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Last Checked Dec. 1, 2022

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Wed Oct 26 12:45:18 +0000 2022

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Paul Krugman @paulkrugman

Mortgage applications are down 70%, so a large housing slump is already baked in. If it hasn't shown up yet, just wait 2/ https://t.co/ahSacM1IjT — PolitiTweet.org

Posted Oct. 26, 2022

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Paul Krugman @paulkrugman

Want to preregister a take on tomorrow's GDP advance release: if residential investment hasn't fallen much, that's a sign that Fed policy is too tight, not too loose. Why? Because it means that large negative effects of rate hikes are still in the pipeline 1/ — PolitiTweet.org

Posted Oct. 26, 2022

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Paul Krugman @paulkrugman

A substantial decline in core inflation is also baked in, because market rents — reflected in shelter CPI with a long lag — are rolling over. So if this report suggests that the depressing effects of Fed hikes are still mostly ahead, good case for a pivot 3/ — PolitiTweet.org

Posted Oct. 26, 2022