Archive for December 13th, 2016

Steady As She Goes

Steady As She Goes
We are 27 quarters into the current economic expansion, albeit the weakest on record with a historically low 2.1% average annual GDP growth rate. The following table summarizes the duration and growth rates of past economic expansions: As noted above, the average duration and GDP growth rate of prior economic expansions is approximately 6 years (25 quarters) and 4%, respectively,… read more →