Nordea's Ed Cowart on the changing economic landscape
'Depression-like state'
Ed Cowart of Nordea
On the ninth anniversary of the current economic expansion, some investors have expressed concern a recession is likely soon - as the expansionary period has already lasted more than twice as long as historical averages.
We do not share this concern. There is a natural tendency toward growth in the US economy. Expansions do not die of old age, but because of policy actions or major exogenous events. We believe current...
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