Next Recession

[dw93]

Certainly not this year. I would say at the earliest quarter 3 or 4 of next year, but 2019 is more likely. The Great Recession ended in June of 2009 and the recovery from it has been uneven and up until recently weak. I can't see this expansion, given how fragile it's been, exceeding the 1990s expansion, which was 10 years (1991-2001).