"Immaculate disinflation" is becoming a reality, according to Nobel economist Paul Krugman.
Inflation coming down without sparking a recession is a dream scenario for Wall Street.
By a number of metrics, the economy is better off than it was a few years ago, Krugman said.
AdvertisementWall Street's dream scenario is becoming a reality – and despite gloomy sentiment in pockets of the market, the economy is actually doing way better than people think, according to Nobel laureate Paul Krugman.
But slowing inflation hasn't triggered a rise in unemployment or the start of a recession, pushing Wall Street closer to its dream scenario.
Persons:
Paul Krugman, Krugman, —, Joe Biden
Organizations:
Service, Commerce Department, New York Times, Bank of America, RBC Capital Markets, Deutsche Bank