Thursday, September 27, 2007

Economic Expansion Durations

This chart shows the starting point of each economic expansion and its duration. The trend line shows how the duration of economic expansions appears to be growing longer (the current expansion is not included to form the trend line). The current expansion is shown as the black dot.

Assuming the slowdown in housing is indicative of a problem, we're pretty much right on schedule for an economic contraction.

Source Data: National Bureau of Economic Research, Inc.

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