“People … have not faced this kind of uncertainty since the 1930s”

[ad_1] That’s from ZeroHedge. Contra, here are some data. Figure 1: Top panel Economic Policy Uncertainty index, Middle panel VIX, Bottom panel 75p-25p 1 year ahead inflation dispersion in %. Inflation dispersion is interpolated from quarterly data. NBER defined peak-to-trough recession dates shaded gray. Source: policyuncertainty.com, CBOE, Philadelphia Fed SPF, NBER. Figure 2: Top panel … Read more