Investors not betting on V-shaped recovery despite US stock market gain: Economist

WASHINGTON – Nobel laureate economist Paul Krugman on Saturday refuted reports that recent stock market gain indicated that investors are betting on a V-shaped recovery in the US economy.”I’m amazed at how many reports insist that the stock market rise means that investors are betting on a V-shaped recovery. No, they aren’t,” Krugman said in a series of tweets.”If investors really believed in a V-shaped recovery, the steep decline in interest rates that took place as the COVID-19 threat became apparent would have reversed. It hasn’t — not at all,” said Krugman, who is also a columnist for The…

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