{"id":5924,"date":"2015-09-08T13:00:59","date_gmt":"2015-09-08T18:00:59","guid":{"rendered":"https:\/\/www.regiontrack.com\/www\/?p=5924"},"modified":"2019-11-30T01:31:59","modified_gmt":"2019-11-30T01:31:59","slug":"yes-the-current-economic-expansion-is-getting-a-bit-long-in-the-tooth","status":"publish","type":"post","link":"https:\/\/www.regiontrack.com\/www\/yes-the-current-economic-expansion-is-getting-a-bit-long-in-the-tooth\/","title":{"rendered":"Yes, the Current Economic Expansion is Getting a Bit Long in the Tooth"},"content":{"rendered":"

While recessions seem to last forever, expansions tend to slip by all too quickly. <\/strong>The current expansion is no exception in that the past 6\u00c2\u00a0years of economic growth seem to have passed rather quickly and quietly.\u00c2\u00a0Our pic-of-the-week highlights the relative age of the current expansion, now at 74 months and running.\u00c2\u00a0\"potw_1_20150908\"<\/a><\/p>\n

A few\u00c2\u00a0observations on the current expansion.<\/p>\n

First, it\u00c2\u00a0has moved\u00c2\u00a0into the category of ‘long’ expansions. This marks the fifth expansion in the Post-WWII era that has exceeded 6\u00c2\u00a0years, with the other seven ‘short’ expansions lasting only\u00c2\u00a05\u00c2\u00a0years or\u00c2\u00a0less. Of the short expansions, six of the seven lasted less than 4 years.<\/p>\n

Second, the current expansion has now surpassed the prior expansion in length and is only 18 months behind the length of the strong growth cycle following the 1981-82 recession.<\/p>\n

Third, the current expansion\u00c2\u00a0is undoubtedly becoming a bit aged. And the Federal Reserve is well aware of this. It is a key dimension\u00c2\u00a0of the Fed’s desire to normalize interest rates as soon as possible. The longer the Fed waits, the higher the likelihood we enter the next\u00c2\u00a0recession with traditional monetary policy tools fully encumbered.<\/p>\n","protected":false},"excerpt":{"rendered":"

While recessions seem to last forever, expansions tend to slip by all too quickly. The current expansion is no exception in that the past 6\u00c2\u00a0years of economic growth seem to have passed rather quickly and quietly.\u00c2\u00a0Our pic-of-the-week highlights the relative age of the current expansion, now at 74 months and running.\u00c2\u00a0<\/p>\n","protected":false},"author":1,"featured_media":5926,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","om_disable_all_campaigns":false,"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[9,13,1],"tags":[39],"post_series":[],"class_list":["post-5924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-graphic","category-pic-of-the-week","category-uncategorized","tag-economic-outlook","entry","has-media"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t