US Economic Recovery Done, New Bullish Cycle Ahead: Analyst
The U.S. economic recovery is done, and the economy has begun a cycle domestic consumption-led growth that will differ significantly from the prior cycle that ended in 2008, said Michael Shaoul, chairman of Marketfield Asset Management, a New York investment advisor.
The development conforms to the typical pattern whereby the U.S. economy suffers crises, recovers from them and eventually enters into new growth cycles.