The US economy is stacking up wins, even if it doesn't feel that way for many households because of the resurgence in inflation.
The economy has now posted 78 consecutive months of expansion, the sixth-longest business cycle since 1854, per new ***** ysis from The Kobeissi Letter. This is well above the long-term average of 49 months and the median of 38 months.
By comparison, the longest period for the US economy without a recession was between 2009 and 2020, at 128 months. The record of course was broken by the aftershocks of the COVID-19 pandemic, which ground the economy to a halt.
Read more: Scaramucci: Lots of Americans 'feel left out of the system'
"Unconventional monetary policy, historically large budget deficits, alongside the AI investment boom, appear to be extending the duration of business cycles. The data says the US economy is remarkably strong," The Kobeissi Letter team said.
Meanwhile, the US economy is nearing an impressive achievement on the unemployment front.
The US unemployment rate is nearing a record number of consecutive months below 5%, Truist chief strategist Keith Lerner said in a note on Monday. The longtime record dates back to the mid-1960s.
#letter #consecutive
The economy has now posted 78 consecutive months of expansion, the sixth-longest business cycle since 1854, per new ***** ysis from The Kobeissi Letter. This is well above the long-term average of 49 months and the median of 38 months.
By comparison, the longest period for the US economy without a recession was between 2009 and 2020, at 128 months. The record of course was broken by the aftershocks of the COVID-19 pandemic, which ground the economy to a halt.
Read more: Scaramucci: Lots of Americans 'feel left out of the system'
"Unconventional monetary policy, historically large budget deficits, alongside the AI investment boom, appear to be extending the duration of business cycles. The data says the US economy is remarkably strong," The Kobeissi Letter team said.
Meanwhile, the US economy is nearing an impressive achievement on the unemployment front.
The US unemployment rate is nearing a record number of consecutive months below 5%, Truist chief strategist Keith Lerner said in a note on Monday. The longtime record dates back to the mid-1960s.
#letter #consecutive
3 days ago
