Paul Krugman

Paul Krugman @paulkrugman

RT @nytopinion: Don’t be fooled by the big jobs number in Thursday’s employment report, warns @PaulKrugman https://t.co/AAdihTCB77 — PolitiTweet.org

Paul Krugman @paulkrugman

Well, the bond market isn't stupid https://t.co/6du9g6Eym4 — PolitiTweet.org

Paul Krugman @paulkrugman

Maybe other states can avoid this fate. But not a safe bet 3/ https://t.co/dH19ZYSD28 — PolitiTweet.org

Paul Krugman @paulkrugman

Also, Covid-19 does terrible things even when it doesn't kill. And deaths are a lagging indicator; Arizona, which led the current surge, is staring to see rising mortality 2/ https://t.co/RyMpEsrCyD — PolitiTweet.org

Paul Krugman @paulkrugman

Virus denial is a series of defensive positions: Cases are falling. OK, they're rising, but it's only bc we're testing more OK, it's not just testing, but hey, deaths are falling. But we look terrible even using just mortality comparisons 1/ https://t.co/zOmhVvxumU — PolitiTweet.org

Paul Krugman @paulkrugman

Larry Kudlow, Steve Mnuchin, and Jared Kushner are now effectively serving as America's top epidemiologists. Don't you feel safe? https://t.co/P8QKRc0gfM — PolitiTweet.org

Paul Krugman @paulkrugman

More high-frequency data keeps coming in, showing deterioration in 2nd half of June 2/ https://t.co/C70CKegW2b — PolitiTweet.org

Paul Krugman @paulkrugman

How much have things changed since the "reference week" reflected in BLS numbers? Mike Pence's op-ed denying a second wave — published *after* that week — boasted that we were "only" recording 20K cases a day. Yesterday there were more than 50K 1/ https://t.co/uQSlZdc5oc — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ObsoleteDogma: Everyone knew today’s jobs report was going to look misleadingly good, because it didn’t reflect what’s happened since C… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @BetseyStevenson: You cannot interpret this jobs report without thinking about the virus situation on June 12, the reference week of the… — PolitiTweet.org

Paul Krugman @paulkrugman

By the time reality sets in in the form of health care crisis and sagging economic numbers, it will be too late to avoid both a huge death toll and a long period of stagnation or worse. If Trump loses — likely but not certain — Biden will face one hell of a mess 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

But Trump and his sycophants will read this report as vindication; not only will they fight measures to control the pandemic, but they'll lose interest in continuing to help workers, state & local govts, etc. 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

The real economic story: reopening brought a substantial bounce in jobs, but also a surge in Covid-19 cases, which already appears to have stalled recovery. This is probably about as good as it gets. And we still have double-digit unemployment 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

As expected, a big number on jobs — bigger than most expected, but that hardly matters. This is a snapshot of the economy in the 2nd week of June, before the new wave of infections became obvious and things starting going to hell. — PolitiTweet.org

Paul Krugman @paulkrugman

Basically, job gains in May and early June were a false dawn, driven by a reopening that wasn't sustainable bc we hadn't controlled the pandemic. Today's report will be a monument to delusion, not an indicator of success 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

But thing fell apart in the 2nd half of the month 2/ https://t.co/1IHSp4tnam — PolitiTweet.org

Paul Krugman @paulkrugman

About an hour from now we'll get the latest Employment Situation report from the BLS. It's likely to show a gain of several million jobs in June. And it will be totally misleading, because the numbers will be for "the pay period that includes the 12th" 1/ https://t.co/PwzxFkZJGI — PolitiTweet.org

Paul Krugman @paulkrugman

Nah. Epidemiology — actually science — has a well-known liberal bias. So does reality. — PolitiTweet.org

Paul Krugman @paulkrugman

By now we were supposed to have a fading pandemic and a roaring recovery. Instead we have a fading recovery and a roaring pandemic. And its all about bad leadership. — PolitiTweet.org

Paul Krugman @paulkrugman

Another thought on Arizona's numbers: AZ, with 7 million people, is reporting as many new cases per day as the European Union, with 446 million. — PolitiTweet.org

Paul Krugman @paulkrugman

Holmes, of course, wishes I would use a different metaphor 2/ https://t.co/61QklN00Fx — PolitiTweet.org

Paul Krugman @paulkrugman

To say what should be obvious: tomorrow's employment report will probably look pretty good, but it won't represent sustainable growth — it will be a dead cat bounce, reflecting employment in the 1st half of the month and not the stagnation or decline since 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

I did one radio interview that went something like this: Interviewer: How should we make the tradeoff between infections and economic growth? Me: There is no tradeoff — you have to control the virus to have sustainable growth Interviewer: So how would you make the tradeoff? 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

Key passage. I wasn't alone in seeing this scenario, by any means. For example, Simon Wren-Lewis was saying much the same thing https://t.co/ffz7pMu7lp But the Trumpists, and, to be fair, a lot of business types didn't want to hear it 4/ https://t.co/k7dvo8THYS — PolitiTweet.org

Paul Krugman @paulkrugman

Nobody could have predicted all of this. Oh, wait 3/ https://t.co/4LxtfRQW1T — PolitiTweet.org

Paul Krugman @paulkrugman

The 2nd wave — OK to say that — has already shot down the economic recovery 2/ https://t.co/xa5kIJr8TI — PolitiTweet.org

Paul Krugman @paulkrugman

The sum of all fears: the pandemic is exploding in the Sunbelt. Does anyone doubt that TX and FL are close behind? 1/ https://t.co/dGEumq2yZ8 — PolitiTweet.org

Paul Krugman @paulkrugman

RT @justinhendrix: https://t.co/8KzhtpPYTf — PolitiTweet.org

Paul Krugman @paulkrugman

It’s not the same - but originally right-wingers were anti seat belt too — PolitiTweet.org

Paul Krugman @paulkrugman

Well, between this and Afghanistan he's definitely locked in the pro-treason vote. Can Biden make up for it with Americans who actually oppose treason? — PolitiTweet.org