A “Goldilocks economy” is the term many economists and media pundits use to describe America’s current economic condition. Like Goldilocks’ porridge, the U.S. economy is neither too hot nor too cold. The thinking is there is neither too much inflation nor too little growth.
The current American economic expansion will set a longevity record of 121 months if, as expected, it continues until the end of July 2019. But will the business cycle continue running neither too hot nor too cold? In this issue of Viewpoint, let’s assess the condition of the American economic porridge.
Thomas Goho, Ph.D. is formerly the Chief Economic Consultant for Stephens Inc. He also served as the Co-Director of Stephens University at Wake Forest University.