Is a Recession Imminent?

Last Friday I posted five economic questions I'm frequently asked .  Earlier this week I discussed: Are house prices in a new bubble? Another common question is: Is a recession imminent (within the next 12 months)? Once again my short answer was: No. First, I use NBER to date recessions and expansions . The trough of the recent recession was in June 2009, and the current expansion has lasted for 101 months. This is already the 3rd longest expansion in NBER history (since mid-1800s), trailing only the '90s expansion (from March '91 to Mar '01), and the '60s (from Feb '61 to Dec '69).......(read more)

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