One way to visualize: Disposition of some US naval groups (CSGs, etc.), as of Nov. 2.Source: USNI.Highlighting the seriousness of the situation, it has been two decades since two CSGs have operated in the Mediterranean simultaneously; and two decades prior to that for the previous episode.Another:Figure 1: VIX (left scale, blue), Geopolitical Risk index (right scale, tan), Global EPU at market prices (green, right scale). Source: CBOE via FRED, Caldara and Iacoviello, policyuncertainty.com.More By This Author:Interest Rates Decline
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