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Is the US 'Recovery' Overstated?

3:35 AM ET Thu, 22 March 2012

Michael Thompson, managing director of Global Market Intelligence at S&P Capital IQ, told CNBC, "if you go back 30 years there is a pretty predictable looking cycle, when there is a contraction you have a natural recovery, the most disconcerting thing is that we had the sharpest contraction in 2008/2009 and effectively the bounce back was very anaemic so when you look at that kind of stuff you have to be very careful."