America is in the throes of a massive economic recovery. This recovery has been anticipated and discounted by the share market since the middle of 2009. The recovery is firmly based on the massive quantitative easing and record low interest rates which have existed since the sub-prime crisis of 2008. Last month the US economy created 211 000 new jobs and unemployment fell to a very low 4,4%. If anyone still thinks that the US economy is not in a recovery phase, they are not looking at the facts. That recovery will inevitably spread to the rest of the world.