Are We Nearing The End Of The Current Economic Recovery?

Posted by Milton Recht:

From The Economist Free Exchange Economics, "Business cycles: Running out of time" by RA:

Source: The Economist

 The chart at right shows the duration of expansions since the Second World War. On average, the economy has grown about 58 months at a time during this period, an age the current American expansion will reach in April of next year. Since the Volcker recession, good times have gone on for longer—95 months on average—though the expansion of the 2000s was just 73 months long, a milestone the current recovery will reach in July of 2015.