Economist

Richard Iley

Macroeconomics

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<p>How long can the US's extraordinary manufacturing boom, which we have been in the vanguard of highlighting, continue? The answer will, in turn, determine how long can global risk in general and cyclical stocks in particular continue to charge ahead as they done in the first few days of 2018?</p>
<p>Both in terms of duration and amplitude the US economy's surge is already approaching historical limits. ISM's near 40-year high reached back in September is almost certainly the cyclical peak, reached 21…</p>
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How long can the US's extraordinary manufacturing boom, which we have been in the vanguard of highlighting, continue? The answer will, in turn, determine how long can global risk in general and cyclical stocks in particular continue to charge ahead as they done in the first few days of 2018?
Both in terms of duration and amplitude the US economy's surge is already approaching historical limits. ISM's near 40-year high reached back in September is almost certainly the cyclical peak, reached 21…


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