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• Macro Thoughts

The Economic Cycle Is Maturing but Still Has Room to Run

The current economic expansion, now over 70 months old, is entering its mature phase, having already exceeded the average length of prior cycles of 57 months. However,
Scott Minerd, Chairman of Investments and Global CIO
Guggenheim Partners, May 08, 2015

there still could be significant room left to run, as the past three cycles have been longer than normal, averaging 94 months. Additionally, growth has been abnormally sluggish in this recovery, suggesting the expansion may have more headroom than is typically the case at this point in the cycle.

Real GDP in Economic Expansions

Source: Haver Analytics, Guggenheim Investments. Data as of 1Q2015.

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