Why the US can't dodge the European bullet

EUROZONE CRISIS

The possibility of another US recession is far off, but as Sean Fitzgibbon, portfolio manager at The Boston Company finds, the eurozone crisis could still have a ripple effect across the Atlantic.

As fatigued investors continue to navigate the volatile global markets, the US economy struggles in the face of headwinds produced by seemingly ubiquitous macroeconomic issues. With leading economic indicators ­continuing to disappoint, a US soft patch is now all but confirmed, causing some analysts to predict a potential recession. However, we do not agree. Rumours confounded First and foremost, the US never ­experienced the typical recovery in the housing or CAPEX cycles from their already depressed levels. As the saying goes: “You never fall far from the curb.” It is therefore un...