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/
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/