The economy follows an inexorable pattern of peaks and troughs and the transitions between those points, expansions and contractions. Our current condition puts us in one of the longest expansions in US history. The US economy began its expansion in June of 2009 and will mark its ten-year anniversary at the end of June 2019. At that point, it will be the longest expansion in US history. The average post-WWII expansion has been about 58.4 months. This expansion, however long it lasts, will likely be at least twice as long.

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