I want to knowledge the people in houston and those suffering from hurricane harvey. I wish them on behalf of the chamber all the safety and swift as possible recovery from what they are dealing with. The economy is in its 9th year of expansion which is fairly notable. That makes of the third longest in the modern era. By next spring, we we will have tied for second. Curiously, despite the length of the recovery and expansion, we seem to be now possibly heading into aperiod of acceleration. Normally as the expansion goes along, the economy slows but we may have something of an acceleration. The reason for that is somewhat in this chart. If you look to the far left side of november, there is that little dip that corresponds to theperiod before the election and then we have the election and surprising many people, the market has taken off since then, so far a 16 increase, often called the trump bump. Whether President Trump gets the credit for this, historians will determine but that inc
I will pass it over to jd foster. Pleasure to have you with us today. Nice to be here with my colleague, randy. Before we begin i want to acknowledge the people in houston and those suffering from hurricane harvey. Wish them on behalf of the chamber the safety and swiftest possible recovery from what theyre dealing with. The economy is in its ninth year of expansion. Which is fairly notable. That makes it the third longest in modern era. By next spring we will have tied for second and curiously, despite the length of the recovery and expansion, we seem to be possibly heading into a period of acceleration. Normally as the expansion goes along, the economy slows a bit. Instead we may have something of an acceleration. The reason for that, is somewhat in this chart. If you look down on the far lefthand side of november, theres the little dip, that corresponds to the period right before the election. And we had the election and surprising many people, the stock market has taken off since t