Business Wire (03/24/15)
The current U.S. economic expansion is expected to be one of the longest in history, according to Moody’s Analytics. Household debt is down nearly 10% from during the recession, and jobs and wages are continuing to recover.
“Expansions generally end when an economy overheats and exposes overextended households, businesses, and financial institutions,” says Mark Zandi, managing director and chief economist at Moody’s Analytics. “This usually happens when the labor market is at full employment, businesses are operating beyond capacity, inflation pressures develop, and interest rates surge. The expansion we’re experiencing now is far from any of this.”