The Economy Is Entering A New Growth Cycle?

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Seeking Alpha 
HANSENBy Steven Hansen Follow
The author is an international business and industrial consultant specializing in turning around troubled business units.


Summary

There are some signs the economy is improving – even Fed Chair Yellen says so.

Yet one can list sectors still declining which are as numerous as those advancing – others are simply flat.

There is reason to believe the USA is entering a new (and weak) business cycle.

Some economists believe there are positive signs coming from the new home construction sector. Residential construction is still decelerating but this week a significant jump in new home sales occurred.

Was this jump in sales a one-off occurrence caused by price cutting to unload inventory? Pundits claim it was the beginning of first time buyers jumping in. Time will tell. A resurgent building sector would be the foundation of a solid recovery.

My premise is that the USA is at the bottom of a business cycle. The data is being evaluated against very weak data for the previous year. At business cycle bottoms, some REAL TIME data improves, some flat-lines, and other data continues to decline. The last major business cycle bottom was in 2009.

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