Archive for July 2019

Since the end of WWII, there have been eleven economic recoveries. While this one is now the longest, real GDP is just slightly more than 20% higher than its pre-recession peak. Measured this way, the current recovery ranks fifth, having recently surpassed the 73-month 2001-2007 recovery, despite being 66% longer. The biggest recovery was the…

Today, the current US economic recovery becomes the longest in US history at 10 years and one day, surpassing the previous record expansion of exactly 10 years and that ended in 3/01. At this point, I suspect this recovery will last at least another nine months. The thing that is most likely to end it…