More Evidence Suggestive of Regime Uncertainty
By Robert Higgs • Tuesday July 19, 2011 7:54 AM PDT • 5 Comments
I cannot vouch for this chart, which is described as showing the findings of a survey of investors by Citi, but if it is even in the neighborhood of the truth, it would appear to be additional evidence of regime uncertainty–major-policy uncertainty, fear of significant government foul-ups, call it whatever suits you best.
I have not been conducting a systematic search for such evidence recently, but I am struck nevertheless by the frequency with which I stumble upon it without even trying to find it.
HT: Angel Martin
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It’s with very good reason that people gave the answers they did, and I would think that the same or very similar results would be found in the general population. It’s not only high-net worth investors that are distrustful and skeptical of the government.
Jack the vet in Tampa | Jul 20, 2011 | Reply
The problem with this data is it’s a single marker – without the context of how this relates to answers to the same question over time, it’s not useful. I’d love to see more data – to what degree is it ALWAYS true that “government policy missteps” are feared by investors, and what’s the correlation between this and the state of the economy?
David Clayton | Aug 5, 2011 | Reply