Transcripts for CNN Cuomo Prime Time 20211014 01:09:00 : vim

CNN Cuomo Prime Time October 14, 2021 01:09:00

bankruptcy cases that we'll see all over this country? few know the stakes better than economist and "new york times" columnist paul krugman. paul, good to have you. >> good to be on. >> the analysis at the top. good enough? >> i think the one thing i would say is, you know, we talk about a slowdown. it's not actually the case that less stuff is getting through to people. you look at consumption of consumer durables, sorry, economist jargon, but stuff like refrigerators, exercise machines, whatever, that's actually way up from before the pandemic. the problem is that people want to buy so much stuff that the supply chain can't handle it. so a lot of this is because people were not able to do -- still in many ways are not able to do what they were doing before so they've turned to things to take their place. you can't go to the gym so you buy exercise equipment.

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