This chart from Soberlook.com, shows, how much the volatility curve has steepened in a matter of a week. However, It is not surprising, given the fact that the numbers of articles talking about the uncertainties with regard to inflation, deflation, monetary policies as well as fiscal policies lie ahead have increased dramatically in the recent past.
Policymakers, all around the world are struggling to come up with appropriate policies, which would pull the economy out of its chronic slow growth.