Economic Insights – April 2018

The current U.S. economic recovery started in June 2009, 105 months ago, making it the third longest recovery in U.S. history. Compare what we are experiencing during thissecular bull market and what we experienced during the lastsecular bull market.  The longest recovery took place in the 1990s and lasted 120 months. Real GDP increased at an average annual rate of 3.6 percent.  This time, the recovery has experienced just a 2.2 percent average annual growth rate.

However, instead of the consensus view of coming to an.....