So who is raising rates? China and Obamacare. Because of the large debt needing to be rolled over we will see a 1/3 jump in interest costs at the Swamp.
Its looking recessionary. The nice jobs report was the start of holiday hiring. Winter holiday is white noise until the data settles down in early 2016. But half the indicators, global trade, rates, retail sales all indicate a slowdown in Q1 2016, a fair size holiday hangover. And remember, in Q1 2016 Obamacare causes another 5% surge in retiree medical prices while the markety is flat,. So New York and California public pension systems will be in full spiral.
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