[KCengineer]

Agree. I call it bouncing along the bottom. The consumer accounts for 70% of the US economy. As long as wages are stagnant, college loan debt is over a $trillion, home ownership is still trending down to its historical norm of around 62% I suspect you will see more of the same.

The GOOD thing is that Americans have generally recalibrate their personal balance sheets. Meaning I see more Americans living within their means, trying to be more prudent on saving and spending practices. Over time this will bode well for the US economy.

The BAD thing is the regulatory and banking climate makes entrepreneurship difficult.

[laplata]

Thanks! Very good analysis.