Like many in the market, Richard Harris now expects above-trend growth and below-trend inflation, what is dubbed the Goldilocks economy – like the porridge from the children’s story – which is neither too hot nor too cold, but “just right”. Photo:
Richard Harris
Opinion

Opinion

Macroscope by Richard Harris

Happy forecasting 2018: you couldn’t ask for better conditions to make money

Markets have been pricing in a Goldilocks scenario: an economy that is not so hot that it causes inflation but not so cold it causes a recession; where there’s slow central banks and therefore high valuations and low implied volatility; and one that is providing full employment and economic stability

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Like many in the market, Richard Harris now expects above-trend growth and below-trend inflation, what is dubbed the Goldilocks economy – like the porridge from the children’s story – which is neither too hot nor too cold, but “just right”. Photo:
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