” How can Wall Street take this seriously???”
Wall street income has been disconnected from the domestic economy for years. They couldn’t care less about the American labor force.
Because corporate profits are SOARING.
Crony Capitalism. Hamilton must be rolling over in his grave....
What Wall Street does care about is a rise in interest rates. When, not if, that happens, stocks will take a nosedive. The Fed may be forced to raise interest rates sooner than 2015. They are already reducing their T-bill buys.