Economists reversing course on recession fears - CBS News

[Warpy]

2. Interest rates are about where they should be

and a tight labor market has driven wages up. Higher wages mean more business, that's what putting money into the demand side does, and since labor is added to meet the demands, the recession hasn't happened. And no, despite what people learn about the widget factory, paying the people who make the widgets is not inflationary. Rising wages mean inflation has already happened.

Wait until even Republicans catch a clue and either stop voting or vote Republicans out of Congress and we get a Congress that will raise taxes on the billionaires and use the money to start public works projects.

That's where the next real boom will be, not the fake "boom" we've seen since the Reagan years, wealth systematically stripmined out of the middle classes and the working class paid starvation wages in order to create a few billionaires.