After the negative CPI report two weeks ago we have had some recession chatter. Yesterday we posted 5 charts that will cure you recession blues which you can read here. One of those chart presents the survey data from NABE telling you that recession vibes need to be faded. Profit expectations which historically lead employment expectations by 2 quarters are bouncing indicating that we’ll have employment growth sometime around winter. This is not a weakening, this is an expansion!