The average postwar recovery lasted 57 months and this recovery is now 54 months old
The average postwar recovery lasted 57 months and this recovery is now 54 months old. This does not mean that a new recession must begin soon, but it is certainly a sober backdrop against which to consider other data. It means that a recession in 2014 is a likely possibility.
It will take a bit longer. A prerequisite for a recession or depression is another Republican president and their boneheaded economic "genius thinking." Look what master magician GW Bush did for us with Clinton's surplus & uber-healthy economy...and Adolph Reagan...modern day Herbert Hoovers.