Anthony Rayner: Are we due a recession?

This is now the second longest US business cycle expansion ever, according to the National Bureau of Economic Research, whose data go back to the 1850s. If there is no contraction before July 2019, it will be the longest since records began. As a result, many investors are asking whether we are due a recession. Time in itself is not an argument, however - indeed, the evidence shows business cycles are getting longer, with the current longest ever expansion only finishing in 2001. A more interesting question, perhaps, is why this is the second longest expansion on record. Economic reco...