Perhaps, but I still think it would take another jobs report or two. I think the ISM numbers and Fed's beige books tell the story though. In that sense, it's only a matter of when for the jobs.
All valid points. Other valid points, the domestic economy cannot sustain the rapid rise of government deficit, raising interest rates, unstable equity market, many industries softening, trade deficits continuing, inflation climbing faster than it should and corporations not "trickling down" with the investments that was hoped for with the tax cuts without a negative effect on the intermediate and long term health of the economy. As I have said before, the tax cuts turbo charged the economy. I prefer the tortoise in the fable of The Hare and the Tortoise. This Hare is starting to take a rest; question is how long will it be in nap mode.
