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May 06 2019

Is U.S. Expansion Old Or Just Middle-Aged?

  • May 6, 2019

An aging economic expansion can be hazardous for investors. It tends to develop vulnerabilities (e.g., indebtedness, a lack of savings, over-indulgences, etc.) which threaten a premature ending. Often, old recoveries develop a capacity shortage leading to worsening inflation, interest rate pressures, and restrictive economic policies.

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James Paulsen

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James Paulsen / Chief Investment Strategist

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