FBC The Willis Report May 4, 2014
All rip it apart . John, i will start with. You look at headlines, you jump up and down. But upon closer inspection it bass meaningless. 62. 8 Labor Force Participation rate, lowest since 1978. Does that blow your mind . Yes i am. Despite the deep drop of Unemployment Rate month, year to year were not getting same type of real Income Growth and spending growth we got in the past. For instance, suppose we go back, 10, 20, 30 years, this type of drop of Unemployment Rate would be associated with real Income Growth, real Consumer Spending growth, 3 to 4 . Instead both of those metrics are struggl...