We are currently in the third longest economic expansion ever. It’s also the slowest expansion ever. We’ve had growth of less than 2% for 9 years.
Significant economic growth is a high tide that raises all boats. Less than 2% growth is not that. A real expansion with significant growth is fun. It accelerates business growth. The reality is, growth has been slowing for decades. Not just the last 9 years.
Demographics are not in our favor with the baby boom generation retiring. After 9 years of slow growth, a period of significant growth seems unlikely and our economy is