QE Robbed A Generation Of Their Retirement. Now They're Taking All The Jobs Away From New Entrants.

QE robbed a generation of their retirement. now they’re taking all the jobs away from new entrants. LF participation of 20-24yr olds=lowest in 45 years and for 18-19yr olds it’s stuck at the lowest in history.

Wait. I thought earnings were the thing that was powering the market??? From Factset: “The fourth quarter marked the 18th time in the past 20 quarters in which the bottom up EPS estimate decreased during the quarter while the value of the index increased over this same period.”

h/t @spomboy

Here’s a chart of spx : wages.

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