Paul Krugman

Paul Krugman @paulkrugman

I also think Waldman has it mostly right about why this keeps happening: basically he says that Trump's kakistocrat… https://t.co/167g3ZlHRK — PolitiTweet.org

Paul Krugman @paulkrugman

As @paulwaldman1 says, Trump just handed Dems a huge political gift -- part of a pattern in which he has passed up… https://t.co/6ia0xtH9VA — PolitiTweet.org

Paul Krugman @paulkrugman

I made a tofu scramble the other day. (Moar turmeric next time!) As I understand it, that makes me a Stalinist. — PolitiTweet.org

Paul Krugman @paulkrugman

The corrosion of U.S. government competence continues on many fronts, some of which even I didn't know about https://t.co/yXpqUv5oea — PolitiTweet.org

Paul Krugman @paulkrugman

With the new Trump effort to destroy the ACA, I'm thinking about West Virginia, where a lot of people gained insurance under the Medicaid expansion, but voted for Trump because he promised to bring back coal. So I made a little chart https://t.co/UrtIIXHn4v — PolitiTweet.org

Paul Krugman @paulkrugman

Exactly right. Not that rule of law isn't important, but 2018 was all about health care, and 2020 will probably be… https://t.co/xkxiFCyp2I — PolitiTweet.org

Paul Krugman @paulkrugman

Here's what the facts look like. And that's even aside from the total lack of evidence that people like Moore have… https://t.co/HqgOZVsjY8 — PolitiTweet.org

Paul Krugman @paulkrugman

There's almost a kind of purity in Moore's absolute ignorance of the relevant facts on every issue. The past four d… https://t.co/meQYYIzpUH — PolitiTweet.org

Paul Krugman @paulkrugman

There are other big stories besides Mueller/Barr, and since others are on that beat, I'm writing about what I know https://t.co/ZLRH8kr162 — PolitiTweet.org

Paul Krugman @paulkrugman

RT @sahilkapur: Trump is giving Democrats a gift with this new court filing on Obamacare. Health care was the #1 issue for 2018 voters and… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @JRubinBlogger: Question: @KamalaHarris gets bigger crowds than Beto and is equal or ahead in the polls so why does she get much less co… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @JohnJHarwood: Beto O’Rourke is jumping up on coffee shop counters Elizabeth Warren is laying out detailed plans to expand affordable h… — PolitiTweet.org

Paul Krugman @paulkrugman

That Fed nomination is a really big deal – and a really bad one, telling you a lot about Trump and his party https://t.co/YWiRrxIPjx — PolitiTweet.org

Paul Krugman @paulkrugman

So this inversion actually reflects a worse outlook for the economy than the number itself suggests. Again, it's not a direct read on the economy; it's a read on what the average bond investor thinks is happening to the economy. But still not encouraging 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

We're not that close to zero now, but possibly still low enough that some of the same effect persists. The yield curve inversion in 2006 reflected at least some probability that the Fed might cut rates by 500 basis points. Now, it doesn't have 500 bp to cut.5/ — PolitiTweet.org

Paul Krugman @paulkrugman

As I explained long ago, when short rates are near zero, the yield curve HAS to be upward sloping, because rates can go up but not down. 4/ https://t.co/I7JDqHijFA — PolitiTweet.org

Paul Krugman @paulkrugman

There is, however, a twist right now which makes the inversion even scarier than it looks, at least a bit. Previous inversions took place at much higher short rates -- 5 or 6 percent, versus 2.5 percent now. This matters 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

The thing is, nobody thinks this is a causal relationship: an inverted yield curve doesn't cause a recession. Instead, it's telling you about average investor opinion: bond buyers see economic weakness ahead, and believe that the Fed will be cutting rates 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

A brief (?) thread on the yield curve. As you may have heard, long-term US interest rates are now slightly below short-term rates. This doesn't happen often – and as far as I can tell, each previous instance has been followed by recession 1/ https://t.co/Uq7yjr3Jwa — PolitiTweet.org

Paul Krugman @paulkrugman

The midterms were all about ... health care — PolitiTweet.org

Paul Krugman @paulkrugman

Since we could all use some lighthearted relief, can I mention that the yield curve just inverted? I'm skeptical that any one thing can predict recession -- I want a story, not a number – but boy is this historical pattern strong https://t.co/jwutYqKlld — PolitiTweet.org

Paul Krugman @paulkrugman

RT @digby56: The WH is making a mistake. By lying and saying that they were "totally exonerated" they are helping the Democrats by giving t… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @CoryBooker: The American public deserves the full report and findings from the Mueller investigation immediately—not just the in-house… — PolitiTweet.org

Paul Krugman @paulkrugman

Three things: 1. We need to see the report, not just Trump appointees' summary 2. Anyone who thought Mueller wa… https://t.co/Y5w4keRNoj — PolitiTweet.org

Paul Krugman @paulkrugman

The gift that keeps on giving. Remember that there are two books that can greatly influence teenaged boys: Lord of the Rings and Atlas Shrugged. One is about a fantasy world whose unrealism can seriously warp your personality and outlook. The other is about orcs. — PolitiTweet.org

Paul Krugman @paulkrugman

That's why genuinely serious economists like Olivier Blanchard are saying that debt is just not a top-tier issue. Why should anyone believe scaremongers now? Especially if they have a long track record of predicting debt/inflation disasters that never happen? 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Remember, the Trump administration is promising 3 percent growth, and even non-voodoo projections put it at around 2 percent for the foreseeable future. That's way bigger than the real interest rate, so no debt spiral 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

As of Friday, the interest rate on inflation-protected US 10-year bonds was 0.54 percent. This tells us that markets are completely unworried about debt; it also says that debt arithmetic is completely inconsistent with crisis-mongering 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

It's really incredible to still be reading things like this at this late date -- not just because of all the failed predictions of disaster, but because of the arithmetic 1/ https://t.co/WtQt8qS01b — PolitiTweet.org

Paul Krugman @paulkrugman

I don't see any way to read this except as asserting that since blond white people are relatively well off in America, they should have the same incomes everywhere. Is this really where you want to go? Do you want to do the same comparison with, say, Israel? 6/ — PolitiTweet.org