Let's take a look at where the U.S. economy stands today, and preview what lies ahead.
The economy continues to advance at a steady pace, as it has since the Great Recession officially ended in June 2009. Interest rates remain low, and corporate profits remain high, fueling a rising stock market.
However, banks still aren't lending to small businesses and first-time home buyers, despite the enormous excess reserves created by quantitative easing.
New jobs continue to be created, even as the labor force participation rate .....