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NEW YORK CITY—Usually, five years into an economic recovery, things begin to look frayed and the fear begins to take hold that the next recession is around the corner. But not this time, says New York City-based Stuart Saft, a partner at Holland & Knight LLP.

Saft exclusively tells GlobeSt.com that this can be due to “the result of how steep the fall was in 2008, the subsequent deleveraging or the way the planets line up, but this time it is different.” He pointed out that what we are seeing is more than a recovery—“we are in the midst of a transformation in our economy.

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