Subject: David Hale Global Economics: Why This Recovery Has Been So Weak
From: "David Hale" <[email-masked]>
To: "R. Hunter Biden" <[email-masked]>
Date: Thu, 23 Oct 2014 14:41:40 -0700 (PDT)

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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=[email-masked]

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 at the new  davidhaleweb.com

https://www.davidhaleweb.com/?wv_name=R. Hunter+Biden&wv_email=[email-masked]

. 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

847-386-6009 (tel)

847-386-6011 (fax)

[email-masked] 

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