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Another Goldilocks Moment
Spring is around the corner in the Northern Hemisphere, and with it, a sense of a Goldilocks moment. Growth is sufficiently strong to see employment grow and absorb the economic slack. In the US, the participation rate of the key 25-54 aged demographic group has risen and now stands at 89.3%, the highest since 2010. Europe enjoys the broadest economic expansion in more than a decade, and while Japanese growth has not been stellar, the expansion is the longest in 30 years and given it shrinking population, continues to do well on a per capita basis. Meanwhile, and importantly, price pressures have been less than ... (full story)