In the US, a durable and economic bottom has formed, and global investors are well-served to re-frame their mindset towards the incipient economic expansion now underway. As recessions go, the anatomy and pace of this one has been unprecedented. Investors are questioning whether aggressive fiscal policy and central bank intervention justify one of the fastest V-shaped equity market recoveries on record. Nine economic indicators that fall into three key elements necessary for a lasting recovery have historically foreshadowed a durable recovery. This time is not different ...