Debt the only excess in US?

Lawerence Fuller (no relation) often makes great summary statements around macro data.  i find his weekly updates mandatory reading … in this installment, he made two things that caught me

  1. US job growth is bound to coastal areas with technology businesses
  2. US debt across all debtors is the key excess; which means as rates (if they do) increase materially, we will have fall ou

The geographic divergence of job growth, the types of jobs and their impact on other industries as Lawerence points out will be something to watch carefull and a position / observation to surely validate

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