The economic future looks like shit. I'm more confident than I was months ago that 2016 is going to see a downturn. 2015 was the business cycle top.
It's personally maddening, the media can't really collectively report on something like this until it's already happened but to people who really study this it's becoming obvious. All the leading indicators are pointing to it. Developing economies are down, commodities are down, manufacturing is contracting both in the U.S. and China, aggregate demand is down, there's no broad market participation, there's an exodus out of high yield bonds, the U.S. dollar is prohibitively strong for exports. China is in severe trouble. The world is about to pay the price for years of political dysfunction that left monetary policy to carry the weight of the world economy on its own. There's no interest rates to lower this time around to juice the economy.
The downturn is going to come at the worst time for Democrats, with an incumbent President with a lowish 40's approval rating.