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As U.S. Treasury intervened in the bond market, the Netherlands rushed 86 tons of gold out of America because of ‘geopolitical unrest’

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He failed the military pilot eye test—so he built a $1 million-a-day traffic company and bought flying lessons. Now he’s Top Gun’s stunt pilot 

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Despite being a multimillionaire, Suze Orman still cooks at home whenever possible—and says eating out is one of the biggest wastes of money
FinanceDonald Trump

President Trump Is Causing More Economic Uncertainty Than the 2008 Financial Crisis

Lucinda Shen
By
Lucinda Shen
Lucinda Shen
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Lucinda Shen
By
Lucinda Shen
Lucinda Shen
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May 19, 2017, 9:09 AM ET
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Donald Trump’s election has led to greater uncertainty than the Financial Crisis of 2008.

That’s according to the Economic Policy U.S. Uncertainty Index, as first reported by CNBC. The election of the businessman to the White House was the third biggest creator of economic uncertainty in the U.S. in the index’s 30-year record. Only the fiscal cliff in 2011 and the 9/11 terrorist attacks led to greater levels of worry.

The index, created by economists from Stanford, the University of Chicago, and Northwestern, measures economic policy uncertainty by judging how many times words denoting uncertainty, including Federal Reserve and White House, show up in newspapers. At the same time, the researchers also take into account economic forecasts. The researchers assume that a higher disparity of opinions implies a greater level of uncertainty.

On a global scale, January, the month of Trump’s inauguration, was the most uncertain since the index began tracking international uncertainty a decade age.

About the Author
Lucinda Shen
By Lucinda Shen
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