Since June, 2009 – the pit of one of the biggest recessions in American history – the U.S. economy has been growing slowly but steadily.
That’s just over nine years of uninterrupted growth.
If the good times roll for another year — and most economists expect they will — this expansionary period will go down as the longest ever in American history – surpassing the 120-month-long period during the ‘90s tech boom.
But don’t be so quick to pop bubbly and send the confetti raining down.
There’s precedence for unprecedented growth: It always ends.
The economy of course moves in cycles.
And no matter how you slice it it would seem there’s only so much more climbing before a fall.
But what will set off a downturn?
How bad will it be?
And when will it actually happen?
To answer these questions and more Salon consulted with five economists – three of whom (Peter Schiff – Steve Keen and Dean Baker) predicted the 2008 financial crisis before it hit.