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Early And Late Cycle Verdicts Are Baseless

Saturday, October 22, 2016 21:30
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from Lakshman Achuthan, Co-Founder and Chief Operations Officer of ECRI

The current U.S. expansion, now in its eighth year, has lasted a year longer than the previous expansion and is substantially longer than the historical average. This has led to many pronouncements that we are in the “late cycle” phase of this economic expansion, which must therefore end soon. In other words, despite the truism that “expansions don’t die of old age,” there is a widespread belief that expansions have natural expiry dates.

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