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To download [Why This Recovery Has Been So Weak Despite Capital Expenditures Being So Strong.pdf], click on the following link:
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Dear R. Hunter,

The current recovery in the US economy has been far weaker than all
other recoveries in modern times. This much everyone knows. The exact
sources of weakness relative to previous recoveries, however, are quite
surprising. This recovery has contained pockets of historic strength and
weakness compared to the sources of growth in other modern expansions.
Our director of research, Mark Zoff, has written a comprehensive report
analyzing the exact reasons why this recovery has been so tepid in
historical terms and the outlook for growth going forward, which you can
find a link to at the top of this email. Key conclusions include:

US households have largely cut back spending on all non-essential items,
and have only splurged on technology-related products and services
during the last five years

Despite the recent weakening in wage growth, the quality of new jobs
being created has improved materially in the last six months, which
should fuel wage growth in the future

Contrary to popular belief, the recovery in capital spending has been
the strongest in modern times by a significant margin

Investment should be healthy going forward because of the unconventional
energy boom, the big data revolution, stronger construction, and robust
corporate profitability

The decline in government spending explains nearly half of the weakness
of this recovery compared to others in the last six decades

You are also able to comment on this report

https://www.davidhaleweb.com/reports/why-this-recovery-has-been-so-weak-despite-capital-expenditures-being-so-strong?wv_name=R. Hunter+Biden&wv_email=hbiden@rosemontseneca.com

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at the new davidhaleweb.com

https://www.davidhaleweb.com/?wv_name=R. Hunter+Biden&wv_email=hbiden@rosemontseneca.com

. If you have not yet registered for the website, please contact Mark
Zoff and he will be pleased to send you your company-specific access
code.

As always, we welcome any questions or comments.

With all best wishes,

David Hale

Chairman

David Hale Global Economics, Inc.

546 Lincoln Avenue, 2 nd Floor

Winnetka, Illinois 60093 USA

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