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The uncertainty paradox

Chris Dillow

Chris Dillow
The uncertainty paradox

It looks like a paradox. On the one hand, investors face massive political uncertainty: about Trump's policies, the course of Brexit, the possible re-emergence of the eurozone debt crisis, and possible changes of government in France and Germany, not necessarily for the better. Because of these, economists at Stanford University estimate that global policy uncertainty is now at its highest level since their measure began in 1997.

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