Paul Krugman @paulkrugman
Nobel laureate. Op-Ed columnist, @nytopinion. Author, “The Return of Depression Economics,” “The Great Unraveling,” "Arguing With Zombies," + more. nytimes.com/column/paul-kr… New York City Joined October 2008-
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But people feel that crime is rising, right? And vibes are never wrong, I’m told
The evidence for a vibecession is right in front of us. But people are enraged when you point to it washingtonpost.com/politics/2024/…
Core HICP — which doesn’t include owner’s equivalent rent - up only 1.9 percent yoy
PSA: On a bike trip, next formal piece my April 23 newsletter. Obv disappointed but not panicked by recent inflation numbers.
"America rapidly restored full employment while experiencing a one-time jump in the level of prices without a sustained rise in inflation, the rate at which prices are rising. Not bad, especially considering all the dire predictions made along the way. " -@paulkrugman
I’m OK, people I know are OK, but somewhere out there it’s terrible nytimes.com/2024/04/08/opi…
Note: 4 years after the 2007-9 recession began, employment was still far below pre-recession peak. It's 4 years since pandemic recession started, and we're up 6 million. Maybe Big Fiscal was a good idea?
Soft landing.
But, but, Trump says the economy is a cesspool.
We never thought the leopards would eat OUR faces, sobbed billionaires who funded the Leopards Eating People’s Faces candidate nytimes.com/2024/04/04/opi…
A liberal shill on economic perceptions vs reality, 2 years ago, and that leftist rag the WSJ now
Trump’s vision of an economy “whose supply chain is broken, whose stores are not stocked, whose deliveries are not coming” is two years out of date. Who you gonna believe, him or your lying eyes? cnbc.com/2024/04/04/bid…
ICYMI, watch the video of Angus Deaton and @paulkrugman in Conversation - now on YouTube! youtu.be/g3WfzXUce2E - two Nobel laureates discuss the role of the economist in today's political landscape. Presented w/@stone_lis, intro @JanetGornick. cc: @CUNYGCECON @CUNYtv @CUNY
This has become my favorite trend PCE measure. It performs well in Phillips Curve models augmented with supply chain pressures, better than core or median inflation, although it is still vulnerable to short-run fluctuations as you can see from the graph. Currently at 2.9%.
This has become my favorite trend PCE measure. It performs well in Phillips Curve models augmented with supply chain pressures, better than core or median inflation, although it is still vulnerable to short-run fluctuations as you can see from the graph. Currently at 2.9%.
Khoa Vu @KhoaVuUmn
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26K Followers 14 Following The Council of Economic Advisers for the Biden-Harris AdministrationThe ISM Manufacturing Report is more consistent with a hard landing vs. a soft landing. Here are two more charts that show why. 1/4
Update: My sources dont know what's going to happen and neither do I
Russia barely avoided a big Ukrainian trap shutting on them in Kherson. They are lucky to get their forces out. Turns out Russian army best skill is ability to retreat.
Signs of discontent on Russian TV after the Kherson withdrawal Pundit Igor Shishkin says they shouldn't pretend that a defeat was a "victory or some cunning move" Host Ivan Trushkin advises that people just "keep their traps shut"
@paulkrugman "How dare the market not follow my predictions"
Millions of artifacts at the Smithsonian in D.C. are at risk as climate change threatens to flood the museums’ basement storerooms. nyti.ms/3ldWi6u
Astronomers definitively observed, for the first time, a black hole swallowing a dead star last year. Ten days later, it happened again. The discoveries help explain, and raise new questions about, the star systems that populate the universe. nyti.ms/2Sylqtk
@pfhmarsden @paulkrugman I have a few relatives in Texas. They are all in on blaming wind and solar. It is all they are hearing in their bubble and honestly, it is what they want to hear, so there is no reason to seek an alternative explanation.
.@chrislhayes: It’s entirely possible rioters were “looking to apprehend, possibly harm, possibly murder the leaders of the political class that the President, and people like Mo Brooks, and even to a certain extent Ted Cruz and Josh Hawley, have told them have betrayed them.”
this is no joke and michael knows his stuff. using threats to deprive a state of a free and fair election is a federal crime.
Unless there are portions of the tape that somehow negate criminal intent, "I just want to find 11,780 votes" and his threats against Raffensperger and his counsel violate 52 U.S. Code § 20511. His best defense would be insanity. washingtonpost.com/politics/trump…
The GOP has got to get a handle on this. The president has stopped governing, we have an out of control pandemic, and he's straight-up spreading democracy-undermining conspiracy theories to boost whatever money-making scheme he's cooking up next.
Trump boasts about building "168 miles" of wall. As of the official April 3 update from CBP, it was 151 miles, 2 of which were erected in places where no barrier had previously existed.
It is of course not true that Republicans would never win again if Democrats managed to get expanded vote by mail into the coronavirus stimulus bill. But this reveals Trump's (and many other Republicans') mindset that expanded voting hurts them. Shouldn't be this way.
Trump Says GOP Would Never Win Again if Democrats’ Voting Provisions Made It into Stimulus Bill bit.ly/2xzNkul
A critical point: in fact the Trump #aca agenda would diminish access to mental health services.
The Trump administration expanded unregulated short-term plans, which often do not cover mental health. The administration is also supporting a lawsuit that would overturn the ACA, including mental health coverage through the essential benefit requirement and expanded Medicaid.
in this Quinnipiac Poll, only 38% approve of Trump’s performance as president 57% disapprove 54% say they definitely won’t vote for him in 2020
71% of Voters rate the Economy as Excellent or Good. The highest number in more than 18 years! @QuinnipiacPoll
@ddale8 Many people are saying my dad was born in Germany. My investigators are over there. You wouldn't believe what they are finding.
@ddale8 That’s easy: He pivots away from the first lie with a second lie. Always dodging and weaving.
You mean in terms of their going along with something preposterous on its face while the President and his party hide behind the Barr Letter? Totally agree.
India and Pakistan have crossed what would seem like a red line by intruding on each other’s territory. The next confrontation, or the one after that, could be unthinkable. nyti.ms/2TF9MeG
After speculation that @SteveDaines would miss final Kavanaugh vote on Saturday due to his daughter’s wedding, his Spox says he spoke to Kavanaugh on the phone & he “assured Judge Kavanaugh tonight he has made arrangements to be there to get him across the finish line as needed”