Paul Krugman

@paulkrugman ↗

Deleted No

Hibernated No

Last Checked Dec. 1, 2022

Created

Wed Oct 26 12:49:22 +0000 2022

Likes

178

Retweets

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

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

Preceded By

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

Followed By

Paul Krugman @paulkrugman

Oh, forgot to mention: if real GDP grew fairly fast in 3rd quarter, as nowcasts say, it will suggest that the productivity slump was a blip, and the economy can accommodate wage growth without excessive inflation. So here too it's topsy-turvy: strength may support a pivot 4/ — PolitiTweet.org

Posted Oct. 26, 2022