Expansion, Year Five

Greg Kaza has some information on the current economic expansion:

The current expansion, now in its 48th month, is longer than six other postwar expansions. These occurred from October 1945 to November 1948, October 1949 to July 1953, May 1954 to August 1957, April 1958 to April 1960, November 1970 to November 1973, and July 1980 to July 1981. Few critics would have forecast that the current expansion would be entering its fifth year even as recently as 2003, when there was exaggerated fussiness about a so-called “double-dip” recession.

Read the whole piece.