Economy

Lately, I notice a new word popping up in companies’ investor presentations: “millennials.”

A new study says that 94% of the 10 million jobs created after 2008 were temp positions. That’s 10 million jobs with no security and little future … it’s a recipe for disaster.

Last year, average hourly wages rose at the fastest pace since 2009. And that’s just the beginning… Twenty states will lift their minimum wage in 2017. It’s as if the country has become a giant economic experiment.

As we prepare to tick over to 2017, it’s important that we all take steps to break out of our comfort zones, expand our knowledge base, and take intelligent, calculated risks.

Stocks have reached stupid valuations, and bonds are under assault from Fed rate hikes. So, here we are, at a point in history when down is far more likely for each than up.