1. 1980s vs 2017 - Expansion in govt and consumer credit, economic boom, demographics
2. unemployment manipulation/ part time, participation rate 4pts lower 63 vs 67.
3. Servicing debt rather than consuming more goods/ services - wage v debt differential
4. Consumer/ producer economy, importing and financialisation.
5. No trickle down of
6. USD rallying killing (vs UK/ GBP)
WATCH THE EXPLATION/ ANALYSIS BELOW -