No Recession Repeat
Elizabeth Williams DTN Special Correspondent
Tue Feb 2, 2016 06:12 AM CST

WEST DES MOINES, Iowa (DTN) -- If you are looking for a metaphor to describe where the U.S. is in the general economic cycle, Texas A&M real estate economist Mark Dotzour puts us in the seventh or eighth inning of expansion.

"We're not done with this economic expansion cycle yet," Dotzour told 630 farm operators, investors, lenders and brokers at the People's Company Land Expo last week.

Dotzour is encouraged by household net worth, consumer confidence and jobs outlook. Home construction also looks good and is a key economic indicator. "What led us out of recession in 2009?" asked Dotzour. ...

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