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Why Business Expansions Do Not Have Everlasting Life–A Brief Reprise Of The Last Three Recessions

Summary:
Despite the hopes the economy will continue into an everlasting expansion, such has historically never been the case. The current economic expansion, which has been driven by massive infusions of liquidity, extremely accommodative interest rate policy, and a surge in debt accumulation, is just 4-months away from setting a new record. http://davidstockmanscontracorner.com/?p=263840&preview_id=263840&preview_nonce=51453c5a0a&preview=true

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Despite the hopes the economy will continue into an everlasting expansion, such has historically never been the case. The current economic expansion, which has been driven by massive infusions of liquidity, extremely accommodative interest rate policy, and a surge in debt accumulation, is just 4-months away from setting a new record.

http://davidstockmanscontracorner.com/?p=263840&preview_id=263840&preview_nonce=51453c5a0a&preview=true

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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