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Krugman

All articles tagged with #krugman

politics1 hour ago•13 min saved

Krugman: No Gas Relief Soon as Iran War Prolongs Oil Market Strains

Famed economist Paul Krugman warned that with no end in sight to President Trump’s Iran war, U.S. gas prices are unlikely to fall for months. Oil hovered near $100 a barrel, with national averages around $4.22 per gallon for gas and $5.94 for diesel, as global tensions help keep prices elevated. He argued that even if a peace between Trump and the Iranian regime materialized, high prices would persist due to multiple, intertwined supply and geopolitical factors, including Russia’s war in Ukraine.

via HuffPost|

#economics #gas-prices #iran-war

business5 months ago•2 min saved

Krugman: Trump’s Iran moves may have sparked insider-market profit opportunities

Economist Paul Krugman argues insiders may have profited from Trump’s Iran messaging by riding market moves—citing pre-announcement spikes in S&P futures and crude oil trades—while noting past timely bets on geopolitical events (e.g., Polymarket) and urging an investigation into potential insider information."

via Futurism|

#business #insider-trading #iran

politics5 months ago•20 min saved

Markets Churn, Monuments Rise: Trump’s Day of Power and Scrutiny

Heather Cox Richardson links Paul Krugman’s claim that people close to Trump traded on national secrets to a broader pattern of power and risk, citing a sharp, pre-announcement spike in S&P 500 and oil futures tied to a false Iran‑war update. The piece then traces Trump’s ambitious Washington remodeling, energy policy shifts, ICE deployments at airports amid DHS funding talks, and the Save America Act’s voter‑restrictive aims, while noting Florida’s special election and Pentagon troop movements to the Middle East as indicators of a presidency using government for wealth and power alongside governance strain.

via Letters from an American | Heather Cox Richardson|

#ice #insider-trading #krugman

economy6 months ago•3 min saved

Krugman Warns Rising Energy Prices Could Roil GOP Midterm Narrative

Nobel economist Paul Krugman argues that a rise in RBOB futures—wholesale gasoline—driven by U.S.-Iran tensions could jeopardize President Trump’s bid to lower living costs and shape the midterm race, noting the contract has surged about 60% year-to-date. He cautions the energy shock, while milder than the 1970s, could lift pump prices and overall inflation, estimating roughly a $15 uptick in oil would add about 0.3 percentage points to the cost of living (a $50 oil spike could push CPI up near 1%). Krugman also highlights broader economic pressures from tariffs, immigration policies, and AI risks, with energy volatility adding to the uncertainty.

via Business Insider|

#economy #gasoline-prices #iran-conflict

business6 months ago•3 min saved

Krugman Warns Iran War Could Be the Economic Brink for the US

Nobel laureate Paul Krugman says the US-Iran conflict has added deep uncertainty that could prolong market volatility, push oil prices higher via potential Hormuz disruption, and amplify existing economic stresses from tariffs and restrictive policy, potentially increasing the risk of a recession as the war drags on and planning remains unclear.

via Business Insider|

#business #economy #iran

business7 months ago•3 min saved

Krugman urges reviving CFPB as key to Trump affordability push

Nobel laureate Paul Krugman argues reviving the Obama-era Consumer Financial Protection Bureau would more effectively lower Americans’ credit costs than Trump’s proposed credit-card rate cap, potentially with little to no new legislation; he cautions that a cap could reduce credit access, while analysts remain divided on overall economic impact.

via Business Insider|

#affordability #business #cfpb