Goldman: ‘In Other Words, The Easy Money Has Been Made’

Goldman: ‘In Other Words, The Easy Money Has Been Made’

Is this "as good as it gets"? That's a question that haunts risk chasers across the globe in the new year on the heels of a truly remarkable rally across assets of all stripes and one of the most dramatic collapses in cross-asset volatility in recent memory (last week's flare up in rates vol. notwithstanding). At its core, this is a question of whether monetary policymakers are still capable of reflating given the ostensible capacity constraints inherent in still-low policy rates and still-eng
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