Paul Krugman

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16 October

Paul KrugmanKorrents 16 Oct

From one piece The Bad News on Inflation Just Keeps Coming 2 beliefs · paulkrugman.substack.com

korrents.com
There is no relief visible in the near future regarding consumer prices

Their words

And the PPI is often a leading indicator of future consumer prices, so there’s no relief visible in the near future.

The Bad News on Inflation Just Keeps Comingpaulkrugman.substack.com
korrents.com
Trump inherited a relatively benign inflation picture and threw that inheritance away with his tariffs and war

inflationtariffs

Their words

My basic point — that Trump inherited a relatively benign inflation picture and threw that inheritance away with his tariffs and war — is even clearer from the PPI than the CPI.

The Bad News on Inflation Just Keeps Comingpaulkrugman.substack.com

15 October

Paul KrugmanKorrents 15 Oct

From one piece On Inflation, Trump Snatched Defeat from the Jaws of Victory 2 beliefs · paulkrugman.substack.com

korrents.com
There is a significant risk that successive inflation shocks will become entrenched in expectations, necessitating a recession to reduce inflation.

inflation

Their words

And there’s a big risk that the succession of inflation shocks will do what the post-Covid shock didn’t: get entrenched in expectations, so that we will need a recession to get inflation back down.

paulkrugman.substack.com
korrents.com
The resurgence in inflation is the responsibility of Donald Trump, due to his tariffs and the war in Iran.

inflationtariffs

Their words

But there is no question who is responsible for the resurgence in inflation: this is all on Trump, first the tariffs and then then the Iran war.

paulkrugman.substack.com

14 October

Paul KrugmanKorrents 14 Oct

From one piece Nerobefehl Nation 3 beliefs · paulkrugman.substack.com

korrents.com
A corrupt, partisan majority on the Supreme Court has given Trump a huge amount of untrammeled power.

politics

Their words

Unfortunately, a corrupt, partisan majority on the Supreme Court, invoking the “unitary executive” theory, has given Trump a huge amount of untrammeled power, especially because he is surrounded by minions — many approved by supine Republicans in Congress — who are willing, even eager to break the law.

Nerobefehl Nationpaulkrugman.substack.com
korrents.com
Trump will retain an immense capacity to inflict destruction on America and its allies.

America

Their words

Above all, he will retain immense capacity to inflict destruction on America, not to mention America’s allies.

Nerobefehl Nationpaulkrugman.substack.com
korrents.com
Trump will claim that the election was rigged and try to overturn the results.

Their words

He will, of course, claim that the election was rigged and try to overturn the results.

Nerobefehl Nationpaulkrugman.substack.com

13 October

Paul KrugmanKorrents 13 Oct

korrents.com
Mega-billionaires are more dangerous to democracy than the merely rich

democracy

Their words

Mega-billionaires are more dangerous to democracy than the merely rich

Elon Musk Shows Us Why Oligarchy is a Dangerpaulkrugman.substack.com

12 October

Paul KrugmanKorrents 12 Oct

From one piece Arithmetic Suffers from Trump Derangement Syndrome 2 beliefs · paulkrugman.substack.com

korrents.com
Estimating GDP involves a significant amount of educated guesswork.

Their words

What it really tells us is that GDP may seem like a solid, hard number, but estimating that number actually involves a lot of educated guesswork — and different agencies may guess differently.

paulkrugman.substack.com
korrents.com
Trump's policies often involve touting trivial matters as major achievements.

America

Their words

I might add that this is general issue with Trump: he often touts trivial policies as major achievement, and it often seems obvious that he has no idea how big America and the world are.

paulkrugman.substack.com

11 October

Paul KrugmanNewsletter 11 Oct

Will AI Crowd Out Jobs?

10 October

Paul KrugmanNewsletter 10 Oct

Repost: My head talks at the ECB

9 October

Paul KrugmanKorrents 9 Oct

korrents.com
Italy's reported zero growth in productivity despite modern technology use is likely due to measurement issues.

Their words

Italy has problems — at PPP, its productivity relative to the US fell from 0.91 to 0.79 — but zero growth in a nation that definitely makes considerable use of modern technology just isn’t plausible. More evidence of measurement issues.

Buongiornopaulkrugman.substack.com

8 October

Paul KrugmanKorrents 8 Oct

From one piece What’s the Matter With France? 2 beliefs · paulkrugman.substack.com

korrents.com
France may have crossed the line from too big to fail to too big to save.

Their words

As the second largest economy in the euro zone, France may have crossed the line from too big to fail to too big to save.

What’s the Matter With France?paulkrugman.substack.com
korrents.com
France's membership in the euro area creates the possibility of an explosive debt crisis that could be destructive to European unity.

Europe

Their words

France’s membership in the euro area creates the possibility of an explosive debt crisis — and such a crisis could be destructive to European unity.

What’s the Matter With France?paulkrugman.substack.com

7 October

Paul KrugmanNewsletter 7 Oct

Day of Reflection

6 October

Paul KrugmanKorrents 6 Oct

From one piece AI Versus Everything Else 2 beliefs · paulkrugman.substack.com

korrents.com
The AI boom is the main cause of soaring long-term interest rates.

interest rates

Their words

Indeed, in my October 4 primer I argued that the AI boom is the main cause of soaring long-term interest rates.

AI Versus Everything Elsepaulkrugman.substack.com
korrents.com
Massive spending on data centers is crowding out investment in other parts of the economy.

data centers

Their words

Massive spending on data centers is crowding out investment in everything else in the economy.

AI Versus Everything Elsepaulkrugman.substack.com

5 October

Paul KrugmanKorrents 5 Oct

From one piece The Trump Administration is a Cesspit of Corruption 3 beliefs · paulkrugman.substack.com

korrents.com
Democrats will have to prove they are immune to the influence of Big Money once in power.

America

Their words

In addition to battling Trump in his two remaining years of power, they will also have to prove to the American people that they will be immune to the inevitable attempts by Big Money to buy them off through campaign contributions and back-room deals.

paulkrugman.substack.com
korrents.com
Corruption is becoming a serious problem for the Republican Party.

Their words

But if one combines a closer look at these numbers with a more realistic understanding of public opinion, this poll actually shows that corruption is becoming a serious G.O.P. problem.

paulkrugman.substack.com
korrents.com
The level of corruption engaged in and enabled by Donald Trump is unprecedented.

Their words

The level of corruption that Trump has engaged in and enabled in others is completely unprecedented – self-dealing that, as Trump would say, is like nothing anybody has ever seen before.

paulkrugman.substack.com

4 October

Paul KrugmanKorrents 4 Oct

korrents.com
The Iran war appears to have had a triggering effect on financial markets, leading to a reset of market narratives about the future path of Federal Reserve policy.

interest rates

Their words

Yet the Iran war appears to have had a triggering effect on financial markets, leading to a reset of market narratives about the future path of Federal Reserve policy.

Who Dropped the Bonds? Interest Rates, Part IIpaulkrugman.substack.com

3 October

Paul KrugmanKorrents 3 Oct

korrents.com
The definition of normal should be broader

Their words

I think these are all jumbled together. Nir: And also we have seen some pretty remarkable correlations. In particular, when you drill down on Donald Trump’s approval rating about the economy and prices in general.

The Midterms!paulkrugman.substack.com

2 October

Paul KrugmanKorrents 2 Oct

korrents.com
The overall economic environment looks really bad for Trump and his party

America

Their words

But it’s not just the polls. Even though the U.S. economy looks OK by some measures, the overall economic environment looks really bad for Trump and his party.

A “Who You Gonna Believe?” Electionpaulkrugman.substack.com

1 October

Paul KrugmanNewsletter 1 Oct

A Globalist Comeback?

30 September

Paul KrugmanNewsletter 30 Sept

One More Reason Americans Hate AI: It Does Nothing for Them
interest ratesAmerica

29 September

Paul KrugmanNewsletter 29 Sept

The Beclowning of Scott Bessent

28 September

Paul KrugmanNewsletter 28 Sept

I Approve of Trump’s Ad

27 September

Paul KrugmanKorrents 27 Sept

From one piece Booms, Bombs and Bonds: Interest Rates, Part I 2 beliefs · paulkrugman.substack.com

korrents.com
Interest rates are almost always telling us something important about the economy.

interest rates

Their words

Interest rates, by contrast, are almost always telling us something important about the economy — although exactly what they’re telling us is sometimes a matter of dispute.

Booms, Bombs and Bonds: Interest Rates, Part Ipaulkrugman.substack.com
korrents.com
Stock prices are an unreliable indicator of the economy because they often reflect fads and fantasies.

Their words

Stock prices are, after all, a notoriously unreliable indicator of the state of the economy. Too often reflect by fads and fantasies, with online trading driving them to greater extremes.

Booms, Bombs and Bonds: Interest Rates, Part Ipaulkrugman.substack.com

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