Economically we are in a good placeWe have had slightly higher growth and inflation than forecastFrontloading of tariffs is still unwindingConsumers are still very cautious in Europe; hard to understand whyMarket valuations are stretchedI am a bit concerned that retail participation in stock markets is growing faster than hedge fundsThere is nothing new here from Vujcic as he just repeats what many other ECB members have already said over and over again: monetary policy is in a good place. This article was written by Giuseppe Dellamotta at investinglive.com.