The “Scariest Chart In The World”
One thing everyone wants to know: with all the geopolitical uncertainty out there, why is the VIX so low?
Why are credit spreads so tight?
Why doesn't anything besides FX (and maybe rates) seem to recognize that we stand on the precipice of complete societal meltdown in the US, France, Britain, and Germany?
All good questions. And indeed we could add quite a few other concerns to the list (remember Syria? yeah, people are still dying there).
I've shown the economic policy uncertainty indice
YES it is.
This chart is not scary, just sad… the emptiness, the addiction to what ever is big new to the big news… just the fabric of our times… just sad no more
EPU is elevated, but well within range.
https://fred.stlouisfed.org/graph/?g=ctpu