{"id":211900,"date":"2024-03-10T17:51:54","date_gmt":"2024-03-10T17:51:54","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/10\/people-have-not-faced-this-kind-of-uncertainty-since-the-1930s\/"},"modified":"2025-06-25T17:20:54","modified_gmt":"2025-06-25T17:20:54","slug":"people-have-not-faced-this-kind-of-uncertainty-since-the-1930s","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/10\/people-have-not-faced-this-kind-of-uncertainty-since-the-1930s\/","title":{"rendered":"\u201cPeople \u2026 have not faced this kind of uncertainty since the 1930s\u201d"},"content":{"rendered":"

[ad_1]
\n<\/p>\n

\n\t\t\t\t<\/p>\n
\n

That\u2019s from ZeroHedge<\/a>. Contra, here are some data.<\/p>\n

\"\"<\/a><\/p>\n

Figure 1:<\/strong> 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.<\/em><\/p>\n

\"\"<\/a><\/p>\n

Figure 2:<\/strong> Top panel Baker, Bloom, Davis Monetary Policy Uncertainty index, Middle panel Chicago National Financial Conditions Index, Bottom panel Jurado, Ludvigson, Ng 1 year ahead macroeconomic uncertainty index. NBER defined peak-to-trough recession dates shaded gray. Source: policyuncertainty.com, Chicago Fed, JLN via FRED, NBER.<\/em><\/p>\n

It may be the case that we are now experiencing unprecedented uncertainty. However, this uncertainty is not apparently reflected in the available indicators.<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n<\/p><\/div>\n

<\/p>\n