Did Something Just Snap? US Policy Uncertainty Unexpectedly Soars Above Lehman, Sept 11 Levels

With US equity markets within one percent of all-time record highs, and US equity risk back near cycle lows, one could be forgiven for ‘believing’ that all is well in the world.

A China trade deal is imminent, right? A Brexit deal is imminent, right? Turkey ceasefire, right?

Well, according to The Baker, Bloom and Davis daily news-based Economic Policy Uncertainty Index (based on newspaper archives from Access World New’s NewsBank service), US economic policy uncertainty has never, ever been higher than it is currently…

All hands are on deck, like never before, to prevent a credit freeze…