Expect the ‘longest economic expansion’ since WWII, says economist

Expect the ‘longest economic expansion’ since WWII, says economist

“The U.S. will not be going into recessions anytime soon,” Thorpe said. “Recessions don’t just happen,” he added. “First we need to see imbalances somewhere in the economy — too much credit, too much exuberance in any particular sector.” Equity markets, oil prices, what the Federal Reserve does with interest rates and “wild cards” could change that, of course, but in general, Thorpe was confident that the economy is strong and will remain so for the immediate future. “Of course there will be another recession at some point, and the next question becomes ‘What will the next recession look like?'”