Isn't Goldilocks a fairy tale?

THE biggest theme, when it comes to forecasts for 2018, is "Goldilocks": A "not too hot, not too cold" environment for the global economy.

With inflation tamed and growth chugging merrily along, financial assets are expected to continue appreciating.

As populations age and as technological disruptions keep prices down, central banks have no real reason to withdraw the accommodating monetary policies that have existed since the global financial crisis 10 years ago.