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Welcome To The New Goldilocks Economy

August 28th, 2016 · No Comments

  • We have reached a new Goldilocks economy in which both stocks and bonds have risen to dizzying heights.
  • Underneath it is a very precarious balance between deflationary forces from overseas and inflationary forces domestically.
  • Both asset classes are priced as if nothing can go wrong and as if this precarious equilibrium will last far into the future. We say: good luck with that.

Welcome To The New Goldilocks Economy

Tags: Economy · The Markets