US: Economy headed northwards? – Deutsche Bank

Analysts at Deutsche Bank suggest that while the US-China trade war has dictated markets recently, they noticed that this month marks the 106th consecutive monthly expansion for the US economy.

Key Quotes

“We noted that this makes it the joint second longest expansion on record based on data going back to 1854. By July 2019 this will be the longest expansion on record assuming we get that far. The last four cycles have been extraordinarily long which we believe is due to the a secular super-cycle decline in inflation since the early 1980s allowing looser policy, and a continued, structural and large rise in debt levels from the same point which has helped expand the economy over and above where it would have been without it.”