If nothing happens to crash the markets by summer, the U.S. will have recorded the longest "growth" streak in history, fueled by rock-bottom interest rates and the federal reserve adding trillions into the economy by quantitative easing; buying bonds to expand money supply. But the recovery has not had robust growth, nor has it been equal. It's been signified mainly by large capital gains in stocks and real estate for the 1% while the rest of the economy sputters along and more and more suffer from consumer, medical, educational and other debts in a system of dwindling public resources and renewal.
Economic indicators cheer lower unemployment by failing to measure all those no longer looking for work or those accepting low-wage jobs with zero or terrible benefits. They also show "growth" as rents and unearned income accumulating to oligarchs while local communities, parks, roads and service are in shambles. The latest Trump tax cuts only further enrich the pockets of the rich while public benefits are evermore on the chopping table and only the sacred cow of military-defense-war remain above reproach, despite failure after failure to meet any measurable success via the use of force.
All hail the USA ... or all fail in the USA ?
https://www.theguardian.com/business/2018/apr/28/america-long-slow-boom-recovery-last-economics
