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Chart of the Day: Markets and Economists Optimistic Ahead of Fiscal Cliff

By Martin T., Macronomics

“Hope is definitely not the same thing as optimism. It is not the conviction that something will turn out well, but the certainty that something makes sense, regardless of how it turns out.” – Vaclav Havel

“The policy uncertainty index has three underlying components: 1). newspaper coverage of policy-related economic uncertainty; 2). number of federal tax code provisions set to expire; 3). disagreement among economic forecasters as a proxy for uncertainty.” – source Policyuncertainty.com, Bloomberg, Societe Generale Cross Asset Research – 27th of November 2012

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