America parties on – but it won’t be able to avoid the hangover

Since 2009, the US economy has enjoyed an unusually long expansion, while stocks have risen across the world. But is it now time to prepare for the next recession? Matthew Partridge investigates.

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We've had a long, hot summer that has felt endless at times. Some people feel the same way about the overheating US economy and stockmarket. The S&P 500 index last week set a record for a bull market a period of rising stock prices without a 20% decline. The upswing that began in March 2009 has surpassed the previous record of 3,452 days, set between October 1990 and March 2000.

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri