Goldman Sachs: The U.S. Expansion Ain't Dead. It's Not Even Old

Five years is the average length of an economic expansion in the U.S. since World War II. The one we’re in now began in July 2009—just over five years ago. That fact alone suggests that the U.S. is about to roll over into another recession. “The September 2014 recession?” is the headline on a blog post this week by Antonio Fatas, an economist at Insead business school and Georgetown University’s McDonough School of Business. (To be sure, Fatas isn’t actually saying that will happen.)

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