Although the most recent US economic expansion began in 1991, rapid growth and job creation only date from 1996. This faster growth was driven principally be consumer demand, but while the stock market bubble that developed from 1996 might explain spending by upper-income groups, most share...

This article presents basic tools for measuring different business lines' contributions to the U.S. economy's business cycles, and it applies these to measure the exposure of a large conglomerate to macroeconomic risks