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Goldman Sachs is revisiting...>

GLOBAL MARKET/OPINION: Goldman Sachs is revisiting the issue of macroeconomic
volatility in their latest research "Macro volatility has reached historically
low levels for a wide cross-section of growth and inflation measures. What does
the Greater Moderation mean for markets? We think the most important potential
implication is the prospect of continued low risk premia across bonds and
equities. It is also tempting to link the decline of the volatilities of
long-term bond and equity returns to The Greater Moderation, but we caution
against it."

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