Yes einstein, it really is astounding especially as wages drop.
So there you have the magic US economic model, employing more people and paying them less but low and behold these workers go out and increase consumer spending!
It's almost as miraculous as stats out of China, isn't it?
But seriously when an economy gets to near 'real' full employment some strange things happen to it. However where is the concern with rising wages? and high inflation? and a rising dollar?
Yes, the FED will/might/should/could raise rates a smidgen. But does that prove anything? A puzzle surrounded by an enigma wrapped in lies and self interest.
This is not 'normal' so expect something abnormal to eventually arise. Central Banks seem to be losing the plot and quickly.
