That’s from ZeroHedge. Contra, here are some data.
Figure 1: Top panel Economic Policy Uncertainty index, Middle panel VIX, Bottom panel 75p-25p 1 year ahead inflation dispersion in %. Inflation dispersion is interpolated from quarterly data. NBER defined peak-to-trough recession dates shaded gray. Source: policyuncertainty.com, CBOE, Philadelphia Fed SPF, NBER.
Figure 2: Top panel Baker, Bloom, Davis Monetary Policy Uncertainty index, Middle panel Chicago National Financial Conditions Index, Bottom panel Jurado, Ludvigson, Ng 1 year ahead macroeconomic uncertainty index. NBER defined peak-to-trough recession dates shaded gray. Source: policyuncertainty.com, Chicago Fed, JLN via FRED, NBER.
It may be the case that we are now experiencing unprecedented uncertainty. However, this uncertainty is not apparently reflected in the available indicators.
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