There is some trouble brewing. Household debt; past 90 days due on vehicles is way up; student loans festering. There's some good too. Real wages are up, tax returns are up, unemployment is at 3.8% etc. The ghost in the machine is the mix of increased real wages with record employment. That eats away at profits. If jobs growth remains relatively flat into September, look out. We'll see I guess.

If you are looking for a job or are thinking about switching employers for increased pay or improved quality of life, do it RIGHT NOW. Ask for more than you're worth, signing bonus, relocation pkgs or increased shared of stock. That's my $0.02.