Record Recovery

The current recovery is now 59 months old, the average length of all post WWII expansions. The last three recoveries have been much longer; 92 months, 120 months and 73 months respectively. This recovery will also be a very long one. Inflation remains benign, unemployment is still very high, commodity prices are low, and the Fed hopes to keep short term rates near zero for at least 15 more months.

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