Are We There Yet? When my kids were young, they would always ask: “How much longer?” My standard answer was: “5 more minutes.” After many of these exchanges, I would respond with: “6 more minutes” and then “7 more minutes.” T hey finally figured out that I really had no idea how much longer. This week we try to answer the economic question: “Are we there yet?” From an investing perspective, I think we are currently in a “Goldilocks” moment for three reasons: (1) inflation has seemingly been tamed to provide price stability, (2) unemployment rates are near all-time lows, and (3) the economy continues to expand. We are long term investors who employ a strategic asset allocation that assures our clients are always "in" the market. We do not believe that a market timing approach works well for anyone who cannot accurately forecast the future (translation: all mere mortals). We will discuss this in detail in our blog next week. Last week we introduced a cash position to our eff