What is actual shape of US economic recovery?

 While every expert and analyst gives different names to the shape of recovery that will be peculiar to the United States David Roche, global strategist at Independent Strategy, added a new term to the common trend.

"You want to know my shape? My shape is a toilet shape," Roche said on "Squawk Box Asia." "Because I think that's where 14 percent of (gross domestic product) in terms of spending and central bank help will disappear."

A lot of the money spent by governments should not have been spent at all, Roche said. 

Roche predicted there would be a short-term recovery, but afterwards demand would peter out because the problems that caused the credit crisis were not addressed.

"The problem about the recovery is that none of the problems that caused the credit crisis have been resolved," he said. "Household leverage is worse than before, banking leverage is worse than before. The bad debts problem have not been dealt with and we have a new level of prophesy and leverage which is the government."