Recession, What Recession?
|The American economy is in the latter stages of one of its longest expansions on record. The financial crisis recession ended in June 2009, in a few months it will be eight years since that resounding crash. Economic growth in those years has averaged a bit more than 2 percent annually, wage growth has barely been ahead of inflation. Balance sheet recessions are historically followed by a long period of anemic growth. Is that the best explanation for the meandering economy of this decade or are structural factors at work that will continue to inhibit U.S. potential even after the drag from a collapsed consumer economy has dissipated?
Join us for an examination of the current and future state of the U.S. economy.
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