US Economic Recovery Part III

2013 saw the pace of income growth fall to the lowest of the recovery.

The US labor force is actively shrinking:

Mortgage rates rise. Home refinancing collapses as do mortgage applications:

Housing Starts already at a lower non-population adjusted level from 1959 collapse further:

Non-defense ex-aircraft durable flatline:

The wealth effect will save us:

H/T: http://www.alhambrapartners.com/2013/12/27/facing-the-headwinds-of-2014/