The U.S. Economic Expansion May Be Headed for a Record

The video discusses Bloomberg Intelligence Economics' view on the likelihood of a recession, noting that 60% of surveyed experts do not expect one in the near future. It explains that business cycles end due to external factors like Fed actions, not age. Despite being in the eighth year of the cycle, indicators like wage growth and inflation are absent, suggesting an unusual cycle that may last a decade. The video highlights softer economic spots, such as housing and autos, but suggests consumer spending, bolstered by wage growth, will continue to drive economic growth.

What is one reason business cycles end, according to the first section?

• Federal Reserve actions

• High inflation

• Lack of consumer spending

• Old age

What unusual aspect of the current business cycle is mentioned in the first section?

• Rapid economic decline

• Lack of typical end-of-cycle indicators

• Significant wage growth

• High inflation rates

Which sector is highlighted as a concern in the second section?

• Technology

• Healthcare

• Autos

• Retail

What does the chart in the second section suggest about durable goods spending?

• It has no impact on the economy

• A decline could indicate a recession

• It always leads to a recession

• It boosts consumer confidence

What is expected to support consumer spending growth, according to the final section?

• Higher interest rates

• Wage growth

• Increased taxes

• Reduced government spending