An interesting piece of research from Crestmont Research reveals that if a recession does not occur before the end of the year, it will be the first decade without a US recession in 170 years. As you will see in the graphic below, it is common to have 3 or 4 recessions per decade. What has caused this? A probable main reason is the Federal Reserve’s Quantitive Easing program where trillions of dollars were pumped into the economy which kept both the economy and the market on positive footing.
