Sunday, August 6, 2017


Reuters: "U.S. employers hired more workers than expected in July and raised their wages, signs of labor market tightness that likely clears the way for the Federal Reserve to announce a plan to start shrinking its massive bond portfolio... Average hourly earnings increased nine cents..."

Sure. But what about "wages have been stagnant since the '70s"... Isn't there some catching-up to be done? Does the Fed need to kill this thing as soon as it starts?

Just a reminder. In April of 2016 I wrote:

I predict a boom of "golden age" vigor, beginning in 2016 and lasting eight to ten years. It has already begun. In two years everyone will be predicting it.

The debt service ratio has been a little slow to pick up, I'll give you that. But we are seeing more and more news like the Reuters story above. These are indications.

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