All Posts Tagged: Great Recession

U.S. Outlook: Happy anniversary, Great Recession expansion!

Scott Anderson
Chief Economist

The current economic expansion turned nine years old this month.

outside shoppers in San FranciscoHow does this expansion stack up against the longest on record, and how long will it last?

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on June 8.

Key observations:

  • The current expansion, at 108 month long and running, is the second longest in history going back to 1854, trailing only the 1991-2001 expansion.
  • Sharp downturns in GDP are sometimes followed by strong and rapid recoveries, but debt-driven recessions, like the Great Recession, can take longer to fully recover from.
  • Income growth during the current expansion has remained tepid compared to past expansions.
  • In our view, this expansion is likely to last for at least six more quarters, partly due to the tax cuts that were enacted late last year.


Read my full report.

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Investment Insights: On-again, off-again … swipe right already

Wade Balliet
Posted by Wade Balliet
Investment Strategy
Upward view of the exterior of the New York Stock Exchange with a burst of sunlight coming over the top.

Geopolitical events continue to overshadow an expanding global economy that is likely starting to reach a peak, or at least a plateau.

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U.S. Outlook: Inflation’s return

Scott Anderson
Chief Economist
Graph showing rise and fall in consumer inflation over past 15 years

While it’s still early, the signs of emerging inflation are beginning to surface once again in the U.S. economy.

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Useful refinance program made permanent to help businesses grow

Don Mercer
Posted by Don Mercer
Small Business Banking
Asian-American woman working in flower shop talking with a customer.

The bedrock of the SBA 504 program is it offers long-term, fixed-rate loans with very competitive rates.

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