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'The US is in Transition to a Much Stronger Period' - Expert

Thursday, 5 Jul 2012 | 5:50 AM ET

Bill Smead, CEO Smead of Capital Management, commented for CNBC on the fact that this month US retail same-store sales could see the smallest gain in 3 years: "We're in a transition period, but just a transition to a much stronger period. The US is paradise in comparison to the rest of the world and people should not underestimate the recovery that we'll make."