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☆ The Fed faces a big challenge in cutting interest rates with the economy roaring, Nobel laureate Paul Krugman says
▼ + stars: | 2024-02-02 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The US economy is in a better-than-Goldilocks state, economist Paul Krugman wrote for The New York Times. "We have an economy that is both piping hot (in terms of growth and job creation) and refreshingly cool (in terms of inflation)." It places the Fed in a tough position, as it has reasons to cut or keep interest rates steady. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Fundstrat's Tom Lee remains confident of a March turnaround, citing that Powell generally indicated a readiness to start slashing rates.

Persons: Paul Krugman, —, Krugman, Powell, Wednesday's, Bankrate's Mark Hamrick, Fundstrat's Tom Lee Organizations: The New York Times, Service, Federal Reserve, Fed

☆ Nobel laureate Paul Krugman says this isn't a 'Goldilocks' economy – it's even better, thanks to strong growth and cooling inflation
▼ + stars: | 2024-01-26 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Paul Krugman believes the outlook for the US economy is better than a "Goldilocks" scenario. Krugman's comments came after Bureau of Economic Analysis data showed that the US's GDP rose by a better-than-expected 3.3% over the final quarter of 2024. AdvertisementThe US economy isn't just headed for a so-called "Goldilocks" scenario – things are looking even better than that, according to Paul Krugman. "This is not a Goldilocks economy," the Nobel Prize-winning economist wrote on X Thursday, referring to a situation where growth, inflation, and unemployment are all at levels that look "just right". "We have an economy that is both satisfyingly hot (GDP) and refreshingly cold (inflation)."

Persons: Paul Krugman, Krugman's, —, Krugman, Joe Biden, JPMorgan Chase, Jamie Dimon, Steve Hanke, David Rosenberg, Hanke, Rosenberg, it'd Organizations: Service, Bureau, Federal Reserve, JPMorgan, Fox Business

☆ Nobel economist Paul Krugman gets trolled for saying inflation is over if you just exclude most of what people buy
▼ + stars: | 2023-10-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Paul Krugman was mocked for declaring inflation is over based on a heavily adjusted measure. The Nobel economist shared a chart that excluded basics like food, energy, shelter, and used cars. His X post was still at the top of the popular Wall Street Bets subreddit on Friday morning. "A totally ridiculous measure," Jim Bianco, president and macro strategist of Bianco Research, said about Krugman's chart in an X post. Krugman, a retired MIT and Princeton economics professor, admitted to being too dismissive in a follow-up X post on Friday.

Persons: Paul Krugman, Krugman, —, Jim Bianco, Chris Martenson, Martenson, he'd, They've Organizations: Service, Index, New York Times, Bianco Research, Prosperity, MIT, Princeton, Federal Reserve

☆ Elon Musk's massive ego explains why he doubts government data and believes a recession is underway, Nobel laureate Paul Krugman says
▼ + stars: | 2023-07-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Elon Musk is a "recession truther" who buys into conspiracies because of his ego, Paul Krugman says. Musk and other tech leaders think they're geniuses so they're happy to doubt experts, Krugman says. However, as Krugman notes in his latest New York Times column, official data show the US economy is still growing. "Between Tesla, Starlink & Twitter, I may have more real-time global economic data in one head than anyone ever," he tweeted in April. The columnist acknowledged a recession could eventually strike, but he firmly dismissed the idea that one is already underway.

Persons: Elon, Paul Krugman, Krugman, —, Elon Musk, Musk, hasn't, Biden Organizations: Service, Privacy, Twitter, SpaceX, New York Times, Technology Locations: Covid, Ukraine

☆ The US economy is looking bright thanks to falling inflation and no sign of recession, Nobel economist Paul Krugman says
▼ + stars: | 2023-06-22 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Paul Krugman sounded an optimistic note on the economy, saying recent news has been increasingly encouraging. The Nobel Prize-winning economist referred to falling inflation and noted there are no signs of a recession. "US economic news has been increasingly encouraging: falling inflation, no sign of a recession," the economics professor at the City University of New York said in a Wednesday tweet. Krugman has been bullish about the US economy, recently saying the nation is in much better shape than people think. With inflation cooling and the economy still holding up, it's sparked chatter that the US economy could avoid recession.

Persons: Paul Krugman, —, Krugman, That's, it's Organizations: Service, City University of New, May's, Fed Locations: City University of New York

☆ Paul Krugman says Silicon Valley Bank could've been called the 'Schmoozing and Vibes Bank,' but it's probably not another 'Lehman moment'
▼ + stars: | 2023-03-11 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Paul Krugman said SVB maybe should have been called the "Schmoozing and Vibes Bank." As far as I can tell, it was just unusually good at cultivating relationships with, um, Silicon Valley, specifically VC," Krugman said. "Maybe it should have been called Schmoozing and Vibes Bank." While this created huge problems for SVB, Krugman believed there was little chance of contagion to other banks. The Nobel Prize-winning economist said he did worry about the effects of SVB's collapse on the broader VC ecosystem.

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