Paul Krugman Highlights Trump's Delusional Comments To Slam Disinflation Deniers: 'Much Of This Is ... A Refusal To Admit Anything Anything Might Be Going Right Under Biden'
Portfolio Pulse from Shanthi Rexaline
Nobel laureate Paul Krugman has reiterated his stance that the U.S. is experiencing disinflation, using a video clip of Donald Trump's speech as an example. Krugman also criticized 'disinflation deniers' who refuse to believe inflation is decreasing. He shared a St. Louis Federal Reserve’s inflation chart based on data from the U.S. Bureau of Labor Statistics to support his argument. The iShares TIPS Bond ETF (NYSE:TIP) ended Friday’s session down 0.25% at $105.11.
September 16, 2023 | 9:46 pm
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The iShares TIPS Bond ETF (TIP) ended Friday’s session down 0.25% at $105.11. The ETF seeks to track the investment results of an index composed of inflation-protected U.S. Treasury bonds.
The ETF's price fell slightly, which could be a reflection of the market's response to the ongoing debate about disinflation. As the ETF tracks inflation-protected U.S. Treasury bonds, its performance is closely tied to inflation trends. If the market believes in Krugman's disinflation stance, the ETF could see further price decreases.
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