David Larrabee, CFA, today writes on the Enterprising Investor website,
"...the current expansion in the United States, now well into its fifth year, is getting long in the tooth by historical standards. According to the National Bureau of Economic Research, the average post World War II recovery — there have been 11 prior to this one — lasted 58 months."
That's what money supply manipulation does to the economy - it creates "booms" (which is really an illusion) and busts (which are very real indeed). The next bust is getting ever closer.
