Profile picture
, 3 tweets, 1 min read
My Authors
Read all threads
Lest you suppose that Trump's lethal mismanagement of Covid-19 is behind us, clear signals from inside the admin that they want to reopen the economy much too soon 1/ nytimes.com/2020/04/13/us/…
And Trump seems to be nerving himself up for a constitutional crisis too 2/ bloomberg.com/news/articles/…
One thing to bear in mind: Trump must be terrified of losing. Because one thing a Biden administration could do would be to reveal the vast corruption everyone knows has been going on these past three years 3/
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with Paul Krugman

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @paulkrugman see all

Profile picture
Paul Krugman
@paulkrugman
Remember the people who spent 2008-2014 or so constantly warning about inflation? Well, they're back. And to be fair, this shock is different in important ways. But a lot of the financial crisis lessons still apply 1/ bloomberg.com/news/articles/…
In particular, I see people pointing to a surge in the money supply as a harbinger of inflation, which is really off-point in a financial crisis 2/
We saw the same thing, although not on the same scale, in 2008-9 as bond spreads temporarily soared 3/
Read 6 tweets
Profile picture
Paul Krugman
@paulkrugman
The way the Trump admin's favored model keeps predicting a rapid decline in cases that doesn't happen reminds me of monetary projections after 2010, when the Fed kept predicting a normalization of interest rates that kept not happening 1/
Wrong forecasts happen to everyone. If you keep being wrong in the same direction, you need to rethink your model! 2/
Gah. Forgot to include the link in the 1st tweet 3/ vox.com/future-perfect…
Read 3 tweets
Profile picture
Paul Krugman
@paulkrugman
A bit more about markets versus the real economy. I'm a bit disappointed that so many people — including financial reporters! — still assume that the stock market is telling us something about real economic prospects 1/ nytimes.com/2020/04/30/opi…
The crash and partial recovery of stocks this year had little to do with the economic news, which has pretty much gotten steadily worse; no, stock investors aren't betting on a V-shaped recovery 2/
Instead, it was all about the emergence and then containment of a potential financial crisis, as documented in this excellent St. Louis Fed resource 3/ research.stlouisfed.org/resources/covi…
Read 3 tweets

Embed code for your website

×
Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!