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Off by One Error (lemmy.world)
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[-] merc@sh.itjust.works 40 points 1 week ago

That graph is out of date. A more up-to-date graph shows the uncertainty index is now literally off the charts:

uncertainty graph showing the value well above the maximum value

Even that one is more than a week old, so who knows where it is now.

Just think about it. In 2020 people were in lockdown. In many places people couldn't go out except to go grocery shopping. Every other kind of shop was shut down. Many factories in China were also shut down so things weren't being shipped. Ships were filling up the ports but couldn't be unloaded because the places to unload containers weren't available. Basically, utter chaos.

On his own, Trump has wrecked people's confidence in the stability of the market to such an extent that it's now twice as uncertain as during peak COVID. It's amazing.

this post was submitted on 19 Apr 2025
442 points (100.0% liked)

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