Ghost of Igloi wrote:
Wince some more Mr. dim Light Bulb...
UBS Chief Investment Strategist Mike Ryan ...
"There is no question we're in the mature phase of the business cycle, but I do think we have to be careful because I do think this business cycle is going to be very different than prior cycles," he told CNBC's "Squawk on the Street." "I think this is going to be more of an accordion expansion. That means it's narrower and more fragile than we've seen in the past, but it's also a longer one."
"We're not seeing the kinds of excesses that come at the very end part of the cycle that usually trip us into a recession this time," he said. "We don't have the huge build-up of debt â€¦ within the consumer side that usually winds up in a pullback of consumer spending."