Running Out Of Runway

Welcome to month #118 of the second longest and hands-down weakest business cycle expansion in American history. Calendar-wise a new record for duration is just two months away, but cumulative growth of real GDP—-that is, what happened under the curve between the cyclical peaks—is an altogether different matter. Back in 1960-69, the business cycle rolled over into recession […]
You must be a Stockman's Corner member in order to view this post, subscribe to Monthly Subscription, Quarterly Subscription or Annual Subscription.