the entire economy has been propped up by the Fed since '08...The Fed has reinflated the stock market, and to a lesser extent the housing market. The labor force participation rate is horrible.
View attachment 63713 The participation rate is mainly due to discouraged workers dropping out. I'm looking for an uptick in the participation rate now that we have a pro business President. If the velocity of money increases by allowing the large banks to lend and change their business model from stealing through fees, every metric will turn in the right direction. Obama never showed much leadership in this area.Hillary ignored the issue, and the Rust Belt kicked her in the ass. Dodd-Frank can go in the can with Obamacare, and the result will be an upturn.