Paul Krugman

@paulkrugman ↗

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Last Checked Dec. 8, 2022

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Thu Oct 27 13:01:22 +0000 2022

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Paul Krugman @paulkrugman

So while this report made all the people who screamed "recession!" look as foolish and partisan as they were, it was not, if you look under the hood, a sign that the worst is over. I hope the Fed is paying attention 5/ — PolitiTweet.org

Posted Oct. 27, 2022

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Paul Krugman @paulkrugman

So there's probably a significant amount of housing contraction still ahead. And real net exports were actually less negative in 2022Q3 than in 2022Q4; this isn't sustainable given the surging dollar, which will hit trade flows but with a long lag 4/ — PolitiTweet.org

Posted Oct. 27, 2022

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Paul Krugman @paulkrugman

All of the rise in GDP, and then some, was accounted for by a smaller real trade deficit — which seems odd given a sharply rising US dollar, which makes US producers less competitive on world markets. But there are long lags in the effects of exchange rates on trade 1/ — PolitiTweet.org

Posted Oct. 27, 2022