Yes, the talk of the weekend has been the 0.4% increase in the average hourly earnings embedded in the jobs data. The Fed had three members speak after the data release and all noted that the wage gains may mean that we are at full employment. Jeffrey Lacker was the most concerned about the FED being behind the proverbial curve. My analysis will be later in the week but first I wanted to share the FRA podcast as it includes the wisdom of Peter Boockvar of the Lindsey Group. Enjoy and I look forward to your comments as they will be answered and hopefully provide substance for an upcoming post.