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Watch the financial cycle: are we headed for recession?

Indicators suggest that something is not right at all

By George Magnus  

The US economic expansion is now the longest on record. Photo: Michael Brochstein/SIPA USA/PA Images

Sometimes it’s a good thing when economics and finance folk talk a lot about the next recession. Their concerns may temper the sort of exuberant or even reckless behaviour that normally precedes one. This may not be one of those times however.

As of this month, the post-financial crisis expansion has been underway for a decade. In the US, it is the longest since records began in 1854, but it is losing momentum. In…

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