Krugman Says He's 'Fanatically Confused' About Rates

Рет қаралды 6,144

28 күн бұрын

Nobel laureate in economics Paul Krugman explains why he's "fanatically confused" on where interest rates are going. He spoke Tuesday on Bloomberg Television’s Wall Street Week with David Westin.
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Пікірлер: 34

@Cosmoo6208 26 күн бұрын

He appears somewhat delusionally confused. Artificially suppressed interests rates for 10 years has created huge asset bubbles in the economy. Inflation is the real monster here and it isn't going away. Debt is out of control on so many levels.

@ctzoomie 26 күн бұрын

Absolutely no credibility

@Ultrajamz 26 күн бұрын

Lol Krugman is confused, news flash!

@peterdangelo5882 26 күн бұрын

In fairness, this is something new. Yield curves, rates, debt and market all doing very odd things. Better to say no one knows exactly what will occur.

@danhoyles 23 күн бұрын

I thought this was Richard Dreyfuss.

@peterdangelo5882 22 күн бұрын

@@danhoyles Good one - I give the guy credit, at least he is admitting this no longer makes sense based on past events.

@shoopddawhooped 26 күн бұрын

Go back to sleep Krugman, you are drunk.

@sirthinksalot540 26 күн бұрын

Confused. Ha,no surprise there coming from a brain that thought the internet would have as much impact on the world as the fax machine.

@BugMateo 26 күн бұрын

Paulie has been confused about a BUNCH of stuff for a while now...

@artfuldodger8147 26 күн бұрын

This guy oddly transitioned his career from being a Nobel Prize winning economist into being a mediocre pundit who is wrong a lot more than he is right.

@TedHawk 26 күн бұрын

Here, I'll educate him. ZIRP allowed companies to term out debt, to the point where net interest expense actually fell as the Fed raised interest rates. In other words, the Fed is now turning the ship with a wheel that is not connected to the rudder. Good luck, everybody.

@karld6309 26 күн бұрын

Interest expenses for companies have not gone down with increased Fed rates.

@TedHawk 26 күн бұрын

@karld6309 Net interest expense has certainly gone down for almost all large companies. They termed out their debt during ZIRP at very low rates and raised cash. They invested the cash at higher rates as the Fed raised rates. The effect is lower NET interest expenses; many companies now take more interest IN than they send OUT. So, if the Fed raises interest rates further, they drive more inflation from large companies and rich boomers that get more interest payments. Of course, the bottom rung gets more inflation along with higher loan and credit card rates.

@karld6309 26 күн бұрын

@@TedHawk thanks for clarifying. It's a temporary benefit for companies with a high cash/debt position.

@MakeMoneyWithAI_83 26 күн бұрын

Great video! Paul Krugman's insights on interest rates are thought-provoking and insightful. It's fascinating how he is 'fanatically confused' about the direction of interest rates, highlighting the complexity of the economic landscape. Looking forward to more content like this!

@FuzzFace 26 күн бұрын

Krugman is confused because he doesn’t acknowledge failed housing policy. Fed rates are exacerbating housing problem because property is both real property investment and housing. To not see a societal level catastrophe when rents increase by 40% or more in 36 months is appalling.

@eli1570 26 күн бұрын

It is very simple. The main reason why Gold, Silver, Cooper, Cryptos, the Stock Markets are near all time high is because the investors have all sat out on the sideline and the gamblers are the only ones left to bet prices up or down. It is not a rational economy now, more like a casino.

@SophSoundsENT 26 күн бұрын

This guy has no idea about anything. Why do we even have him on tv?

@Marcus_K 26 күн бұрын

Interest rates won't come down unless inflation comes down. On the services side, workers are in relatively short supply, with unemployment at only 3,9%, which is keeping services inflation high. On the goods side inflation has come down as supply chains have normalized after the pandemic, but increased tariffs on international trade could work in the opposite direction.