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As we start 2025, it is hard not to notice several parallels with the past; it feels like we have seen this movie before.
The US will have a new president in 2025 but he looks familiar, and markets have rallied in anticipation of fresh leadership, much as they did in 2016. Meanwhile, the US economy remains a critical engine of global growth and some might even say is aging in reverse, much like Benjamin Button. Instead of falling into recession, as so many predicted just a year ago, we are headed Back to the Future in more ways than one.
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