This commercial deposit phenomenon seems like safehaven behavior. Are we sure Economic Uncertainty Index is properly accounting for the threat of new lockdowns and variants? That this isn't causing folks to be confy parking trillions more in new money at the bank?
I'm not convinced the index is tracking properly any longer. The index is based on an analysis of newspapers. This causes me to have two concerns. My primary concern is that currently, the media has embraced liberal activist journalism. This means they would abstain or reduce the exposure of articles that would go against their activist views. My second concern is that newspapers are a dying medium and that the best news comes from independent sources on the internet.
This commercial deposit phenomenon seems like safehaven behavior. Are we sure Economic Uncertainty Index is properly accounting for the threat of new lockdowns and variants? That this isn't causing folks to be confy parking trillions more in new money at the bank?
Just thinking out loud...
I'm not convinced the index is tracking properly any longer. The index is based on an analysis of newspapers. This causes me to have two concerns. My primary concern is that currently, the media has embraced liberal activist journalism. This means they would abstain or reduce the exposure of articles that would go against their activist views. My second concern is that newspapers are a dying medium and that the best news comes from independent sources on the internet.