Roche: A Toilet Shaped Recovery?
Analysts have described the U.S. economic recovery in many shapes and sizes, be it L-shaped, W-shaped, or even shaped like the Nike swoosh symbol. But David Roche, global strategist at Independent Strategy, added a new wrinkle on CNBC Wednesday.
"You want to know my shape? My shape is a toilet shape," Roche said on "Squawk Box Asia." "Because I think that's where 14 percent of (gross domestic product) in terms of spending and central bank help will disappear."
Roche predicted there would be a short-term recovery, but afterwards demand would peter out because the problems that caused the credit crisis were not addressed.
