Although the most recent US economic expansion began in 1991, rapid growth and job creation only date from 1996. This faster growth was driven principally be consumer demand, but while the stock market bubble that developed from 1996 might explain spending by upper-income groups, most share...

The US economy was poised on the edge of a recession even before 11 September. Following the attacks, the immediate financial shocks were contained. But, despite plans by the Bush government to provide a large boost to the economy, because of massive overinvestment and overborrowing, a serious...

Since the prolonged recession in 1980-82 which laid the basis for the emergence of financeled capitalism in the US there have been four phases of economic expansion. The first three ended with increasingly severe recessions in 1990-91, 2001 and 2007-09. The most recent expansion, which began in...