articles by peter duffy
Peter Duffy has written many interesting articles which have been published in trade journals. Here is an excerpt from one of them entitled Navigating the New Economy:
"The longest economic expansion in American History should have an asterisk beside it in the record book. It should be a more prominent asterisk than the famed Roger Maris asterisk, which questioned whether Maris had really broken Babe Ruth's home run record because Maris hit in 162 games compared to Ruth's 154. Still, Maris really hit all those home runs. In contrast, much of the economic expansion of the 1990's just wasn't real."
"Fueled by borrowing costs that were almost free and an overcapacity to produce and deliver goods and services to consumers and companies, Wall Street brought to market stocks and bonds in such numbers that the quality of growth disengaged with reality. It was the longest economic run in history, but it was probably the shallowest."
