by Mike ‘Mish’ Shedlock
Every day day of the another economist yaps about uncertainty.
There’s uncertainty over the US election, over Brexit, over interest rates, over the strength of the US economy, and over over global trade.
Will the Bank of China devalue the yuan? Will the Bank of Japan aggressively target deflation? What will ECB president Mario Draghi do when he fails to hit his 2% inflation target?
Will Austria vote for an anti-immigration president? Will Italy’s prime minister Matteo Renzi get the constitutional reforms for Italy that he seeks? If not, will he resign as promised? What about the rise of euroskeptics in France and Italy?