August 06, 2015
“It’s the End of the World, but I feel fine.” —REM
The world (appears to be) collapsing around us in many ways but the markets don’t seem to care. Should we be more concerned about this or do the markets see sustainable resiliency that will weather the current storms? Following a weak start to 2015, the economy isn’t rebounding as it should, or at least as we might have expected. Here are the things that worry me now.
1. Stagnate Wage and Spending Growth
Wages and spending should both be growing faster. The rate of disposable income growth has increased, but is still below its historical trend. Since 2007, disposable income growth has averaged...