The U.S. economy has been through a lot in the last decade. Since the financial crisis, economic growth has been slow but consistent, while stocks have surged. But the big question on everyone’s mind is, “Is this sustainable?” We think so. Here’s why.
The Current Expansion Is One of the Longest in U.S. History – But Is It Reaching Its End?
The U.S. expansion is now entering its eighth year, which is long by historical standards, and has led some investors to ask whether it is on its last legs. While the expansion is indeed longer than most, there is precedent for it to continue, including a 10-year run starting in 1991. Elsewhere in the world, some countries have even enjoyed multi-decade expansions.