Our leading indicator - the one that's never lied to us like the politicians - suggests only 23 percent probability of recession over the next 12 months, that's very low.
People recognize that the economy is getting stronger and job creation is more in their favor, but the outlook is impaired by oil prices and events abroad. Uncertainty is overwhelming what consumers know to be better economic conditions.
It's a Goldilocks economy - not too hot, not too cold.
I'd say shareholders go backward. Management goes backward. Labor goes backward. What a settlement!