Why I am not worried about US employment growth, I still like Bond-Sensitive Income Investments

1. There is still plenty of spare capacity in the US labour market, lots of people want to work full-time but are still only working part-time;
2. The Federal Reserve will raise interest rates in 2015, but only very slowly; already priced in by 2-year bonds;
3. Long-term (30-year) bond yields are still in a falling trend… So the bond market is not worried about the risk of rising inflation;

Conclusion: I still invest in Build America Bonds, Preferred Shares, REITs as they offer a high income and will benefit from falling long-term bond yields. 

Video Link to watch (4 minutes):     

BCS Global Strategy Video Presentation 8 July 2014