As measured by Baker, Bloom and Davis:
Figure 1: EPU (news) for the US (blue), average value 1/20/2021-11/4/2024 (light blue line), average value 11/6/2024- (orange line). Source: policyuncertainty.com accessed 11/30/2024.
And we haven’t even heard the word “bleach” yet!
Trump has long claimed that other countries are emptying their prisons and sending their criminals to America.
Trump has decided to retaliate in kind. He has pardoned Jared Kushner’s father and sending the convicted criminal to France as ambassador.
It’s a small world. Charles Kushner, the father-in-law of Trump’s daughter was prosecuted by Chris Christie, of all people. Among his other crimes Kushner hired a prostitute to set up his brother-in-law, filmed the sex scene, and sent it to his own sister. This was an attempt to blackmail his brother-in-law who was testifying as to Kushner’s other crimes.
Chris Christie called it “one of the most loathsome, disgusting crimes” he ever prosecuted as US Attorney. You got to hand it to Trump, he did get a disgusting criminal out of the country. France might not be so honored.
Reports from Canada after Trudeau’s visit to Mar-a-Lago:
“According to sources, Trump and his team conveyed that they plan to balance their federal budget through tariffs, and then strike exemption side deals on a country-by-country basis.”
Side deals? Can you imagine the corruption? There were over 50,000 exemptions during Trump’s last trade war. Analysis showed that those corporations who contributed the most to the Trump campaigns received the most exemptions. Everything is personally transactional for Trump.
Tariffs are a scheme for taking taxation out of the hands of Congress and putting it directly in the control of Donald Trump to extract bribes.
I thought there may be a past average for one or more 24-day average index values that may approach the 24-day average ending 11/29/2024.
The highest average value for 24 days that I found was 200.18 for the 24-day period ending 1/23/2023.
My calculation for the 24 days ending 11/29/2024 is 237.16.