As Politics Boil, Financial Markets Are in Dream Land – Wall Street Journal (subscription)

This post was originally published on this site

Financial markets are in fairy-tale land. Surprises like the U.K. election, the victory of President Donald Trump and Brexit show a deep unease with economic conditions. Yet easy money, relatively steady global growth and low inflation have encouraged talk of “Goldilocks.”

“Goldilocks has not left us yet,” was how J.P. Morgan strategists summed it up recently. They aren’t alone: analysts and economists at Société Générale, ING and Citigroup also have rolled out the markets’ favorite fairy-tale character. Growth isn’t too…