"should" take that chart with a grain of salt Skol... Think for a moment, they say as the chart moves down its bullish for the economy. Yet now the laws have reversed as the participation rate and affordability of income insurance should also be considered... "Shouldn't" look at a Chart in isolation.
Do you Recall how Ben B couldn't foresee the coming crash in 07-08 as it didn't fit into the Feds Modeling projections...