The current U.S. economic expansion has continued—uninterrupted—for a remarkable 106 months with no recession.
That’s tied for the second longest in U.S. history. The average U.S. expansion lasts 59 months. That means we’re now 47 months beyond the average of the last 14 cycles.
What’s next?
Market meltdown? Or melt-up?
According to Dr. Pippa Malmgren:
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“I think the bigger risk is that we continue to have a melt-up that nobody is prepared for rather than the meltdown everyone is waiting for.” |
Watch this new, special edition of Real Conversations, between influential economist, best-selling author and former White House economic advisor Pippa Malmgren and Hedgeye CEO Keith McCullough.
Malmgren — the founder of DRPM Group — discusses her economic outlook and explains why she thinks the biggest risk may be the potential for a stock market melt-up.
You don’t want to miss this Real Conversation.