(28/01 09:15) La nuova narrativa (5)

Per aiutare in modo concreto tutti i nostri lettori, ecco una sintetica ricostruzione di che cosa è Riccioli d’Oro.

Riccioli d’Oro è una favola.

La favola è a lieto fine. Fino a che dura la favola.

The scenario rapidly gaining in popularity is the Goldilocks narrative.

In case you forgot, Goldilocks and The Three Bears starts with Papa, Mama, and Baby Bear leaving their house for a walk while their porridge cools. Goldilocks enters their home and tastes the three bowls of porridge. Papa’s is too hot, and Mama’s is too cold. Baby Bear’s is just right. She also finds Baby’s chair and bed are just right, not too hard or soft. Goldilocks prefers things “just right.”

Like the tale, a Goldilocks economic scenario is a slowdown to more sustainable growth rates. Such does not involve a recession or high inflation. For most asset markets, it’s a dream scenario.

Regardless of what you or I think, markets are currently taking their cue from Goldilocks, at least until the next narrative takes charge.