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Financial conditions have turned healthy

A reminder that financial conditions are looking pretty healthy these days (the more the index is above zero the better), and that is always supportive of growth. Index components: TED spread, CP/Bill spread, Libor/OIS spread, investment grade corporate bond spread, muni spreads, swap spreads, high-yield spreads, agency spreads, equity prices, and the VIX index. It's also a reminder of how far we've come in the past two years.

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