To reiterate my earlier point. We are not in a true recession but we are in a growth "recession" as labor force fraction growth exceeds economic and job growth. Also most of the other engines of world economic growth: the EU, Japan, China, India, Russia, South Africa and Brazil; are hitting pretty solid walls of many different types. Africa and to a lesser extent Latin America's oil and gas boom is bringing a lot of low cost energy supply online when there is a lot of and still growing investment in high cost energy in the developed world. The expected result of that is a big uptick in economic growth and a fairly big downtick in employment. Robots, additive manufacture, desalinization plants and other forms of automation/cleaner environment are energy intensive. Not only do minimum wages and Obamacare have some effect on labor costs but more importantly mask the declining costs of automation. 56 senate seats GOP are a much higher probability than current polls can predict. My offline buddy Kwasi did not mention the Gabon oil boom going online Sunday and since he is a native of Gabon and an analyst for Deutsche Bank I suspect it was a surprise to him too that it when the news hit that it had happened Monday or Tuesday. Things are moving that fast.