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Macroeconomic Insights

Top of Mind: Animal Spirits, Growth and Markets

The surge in sentiment and asset prices since the US election has led some to argue that “animal spirits” are at work. Whether this exuberance continues and translates into real economic activity is Top of Mind. Goldman Sachs Research’s Allison Nathan surveys the evidence and explains why strong acceleration in growth from animal spirits or otherwise isn’t a clear positive for investors. 

Read an excerpt from Top of Mind