Cohen: U.S. Has Advantages Over Other Developed Economies

Goldman Sachs partner Abby Joseph Cohen says she expects U.S. stocks’ bull run to continue, and says she thinks the next recession won’t happen anytime soon. Cohen tells Bloomberg that she thinks the “next recession is some significant distance off into the future”, and that growth doesn’t need to be spectacular for U.S. equities to continue to rise — though the gains likely won’t be as dramatic as they were in the first quarter. Cohen also says the U.S. has some structural and cyclical advantages over other industrial economies, saying that the country has the most productive workers in the world, an improving economy, and a financial system that is further along the road to recovery than those in other parts of the industrialized world.