While improvement has occurred, labour force underutilisation remains well above pre-crisis levels. There is still a lot of slack left in the labour market with thousands looking for work or more hours #ausbiz#jobs
If >100% of US Current Acct deficit is driven by Federal deficits, then intuitively, once Federal deficit as % of GDP begins rising again as it did in 3q16 (signaling either US recession or USD deval), the USD should begin falling.
On the first day of trading at @Cboe in 1973 911 options traded. First day of $VIX futures in 2004 saw 461 contracts traded. 3 hours into the first #bitcoin futures session and volume is just over 1000 contracts.