Item Link: Access the Resource
Date of Publication: May 17
Year of Publication: 2021
Publication City: New York, N.Y.
Publisher: The New York Times Company
Author(s): Paul Krugman
Last week the Bureau of Labor Statistics reported much higher inflation than almost anyone predicted, and inflationistas — people who always predict runaway price rises, and have always been wrong — seized on the news as proof that this time the wolf is real.
Financial markets, however, took it in stride. Stocks fell on the report, but they soon made up most of the losses. Bond yields rose only slightly on the news, then ended the week right where they started — namely, extremely low.
Read the full article here.
The views and opinions expressed through the MAHB Website are those of the contributing authors and do not necessarily reflect an official position of the MAHB. The MAHB aims to share a range of perspectives and welcomes the discussions that they prompt.