Krugman suggests potential inflation from tariffs and deportations is raising rates, but if it's inflation, then why are inflation-protected TIPS yields going up just as much?
I don't think it's inflation... but I don't know what it is. Definitely strange.
I don't think it's inflation... but I don't know what it is. Definitely strange.
Reposted from
Paul Krugman
What's up with long-term interest rates? Maybe it's the madness of Trump 2.0 open.substack.com/pub/paulkrug...
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