Washington - Happy 10th birthday, U.S. economic expansion! Let’s hope you’ll be allowed to live a little while longer, despite a certain someone’s concerted efforts to kill you off.
The Great Recession officially ended — and the current recovery officially began — exactly a decade ago, in June 2009. That means we’ve now tied the record for the longest economic expansion on record, matching the 10-year business cycle upswing that ended in March 2001.
That’s quite an achievement, especially in light of the many policy missteps we’ve been subject to in the intervening years, including government shutdowns, trade wars and threats to central-bank independence.