Well he's cherry-picking data and making it seem like that is the way to judge the economy. Strange that he doesn't talk about unemployment figures or GDP (other than him making the claim that if this other thing happened than here is where we would be) or new home starts or one of the other major indicators in the stock market.
Sure, he could right, and maybe he is. But to deny that the US economy is healthy at this point is just a forecast gone awry. There have been pundits making that kind of claim since about 2010 (remember the talk of the double-dip recession?) and I get the impression that some guys want to make a name for themselves being the first to call it.
On another note, the US will be raising rates; almost surely before Canada. We have our own issues at home, so rate increases here are going to be behind that "schedule" most likely. One of the issues is in fact China. Their devaluation yesterday is another piece of bad news for us here in Canada.
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