Measured trade policy uncertainty, from Baker, Bloom and Davis, and Caldara, Iacoviello, Molligo, Prestipino, and Raffo:
Figure 1: EPU-trade category (blue, left scale), and Trade Policy Uncertainty index (red, right scale). Source: Baker, Bloom & Davis policyuncertainty.com, and Caldara et al. TPUD.
Why the recent jump? Well…
Source: J. Politano.
“90 deals in 90 days” joins “infrastructure week” and “Russia/Ukraine war over in 24 hours”.
We have another candidate auditioning for Fed chair.
Scott Bessent: “The president is the most economically sophisticated president certainly for 100 years, perhaps in history.”
How can these people go on TV in front of millions and debase themselves like that? He was once considered one of the titans of Wall Street. His old friends must be laughing at him now.