A growing work force is an excellent growth engine for an economy
I don't disagree with you one bit that that tax free dividends skew us away from bonds into equities and concomitantly higher interest rates.
The biggest problem is the Xenophobia created as we chase them foreigners back to where they came from by higher unemployment, end of consumer spending and strangly enough homeland defense measures. I have seen several Pakistani gas stations go back to American ownership in NJ.
a trough in Nov. Then a replay of the 70's. The consumer is tapped out on debt, only bigger incomes will pull us out. In a few years 10% raises will be standard.
Someone mentioned a potential Zeev's dambit for the coming slaughter. Any chance of getting an (un)official play of say 5 stocks that you see as prime targets to go along with the "to the hills call. I just established short positions in TYC, EXPE, IBM, and AMZN to hedge long plays. (High Debt and/or High PE's)