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Paul Krugman
Nobel laureate. Op-Ed columnist, . Author, “The Return of Depression Economics,” “The Great Unraveling,” “The Age of Diminished Expectations” + more.
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Paul Krugman 8h
Can wonkishness win? Well, Elizabeth Warren Has a plan for that
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Paul Krugman 9h
Cory A. Booker Is from New Jersey. You got a problem with that?
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Paul Krugman 9h
Replying to @paulkrugman
A further thought: it's considered normal for leading GOP figures to call Democrats – barely left of center by international standards – socialists. But everyone in the news media would have a fainting spell if a major Dem called Rs fascists, which is much closer to being true
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Paul Krugman 10h
Still the best political analysis out there
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Paul Krugman 13h
Great graphics. US Democrats have gone from being a center-right to a center-left party; the GOP from a right-wing party to an extreme right-wing party, closer to Germany's neo-Nazis than to the global center.
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Paul Krugman 18h
Replying to @paulkrugman
Lots could change, and all these forward indicators could be wrong. But right now it looks as if the general election will be waged against the background of a weak economy, with Trump's claims of having turned everything around sounding like a sick joke. Just saying 5/
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Paul Krugman 18h
Replying to @paulkrugman
Can the Fed turn this around? What matters for the economy are mainly long-term rates, and these have already priced in a huge amount of easing – they're more or less back to where they were before the 2016 election, and way off the post-tax-cut bump 4/
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Paul Krugman 18h
Replying to @paulkrugman
And the overall outlook for these states looks relatively grim 3/
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Paul Krugman 18h
Manufacturing in battleground states appears to be sputtering 2/
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Paul Krugman 18h
Predictions are hard, especially about the future. But a lot of indicators are pointing to an economic slowdown – not a recession, but doldrums – over the near future. GDP "nowcast" are definitely meh 1/
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Paul Krugman 19h
Replying to @paulkrugman
A decline in the yuan could help this process. Overall, Trump's tariffs will probably hurt Chinese exports less than the administration imagines. They're not nothing, but there are various end runs available 4/
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Paul Krugman 19h
Replying to @paulkrugman
There may also be a sort of grand trade diversion, in which America starts getting stuff from Vietnam and Bangladesh while Japan and Europe shift toward purchasing from China -- which has been cutting tariffs on everyone except us 3/
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Paul Krugman 19h
Replying to @paulkrugman
But that's probably not the whole story. These days, China has moved part way up the value chain -- it's no longer just the place of final assembly for goods whose guts are produced in richer countries. So final assembly of Chinese components can be shifted too 2/
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Paul Krugman 19h
Of course some Chinese goods are bypassing the Trump tariffs by being transshipped through Vietnam and other countries 1/
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Paul Krugman Jun 25
Seriously, these days cryptocurrency is the last refuge of scoundrels
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Paul Krugman Jun 25
The Trump tax cut has been an economic disappointment and a political bust. So of course Boris Johnson proposes following in Trump's footsteps
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Paul Krugman retweeted
Liz Hoffman Jun 24
Morgan Stanley analysts on ZuckerBucks: "What legitimate payments need exists that a Facebook-led crypto consortium can uniquely fill? Our view: None."
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Paul Krugman Jun 25
Replying to @paulkrugman
My take from a few years ago 2/
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Paul Krugman Jun 25
The international role of the dollar sounds like it's very important, and everyone agrees that it is – except economists who've actually studied the issue, and don't think it's a big deal 1/
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Paul Krugman Jun 25
It still boggles the mind that many states are turning down free money to provide healthcare to their own citizens, with rural residents in particular paying a terrible price for this gratuitous cruelty
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