The long arc of uncertainty bends towards…?

The IMF has published an update of its interesting uncertainty index. Noone will be surprised to find that the Covid-19 pandemic and the presidential elections drove uncertainty up, but the real scoop in the chart is the overall slant of the curve we can construct: If the upward slope of the curve suggests that independent of the actual events the world is getting more and … Continue reading The long arc of uncertainty bends towards…?