Quarterly Business Report: As Good as It Gets

But TIME's board thinks the economy is about to come down off its giddy high--maybe with a bump

We should be drinking champagne every day to celebrate these times!" asserts Allen Sinai. But he and the other members of TIME's Board of Economists add a caveat: Don't wait to pop the corks. The economy right now is as good as it gets, perhaps the best in American history, Sinai claims, with little disagreement from his colleagues. However, it will start coming down off this giddy high very soon--maybe this summer. And fears are growing that the trip down could be bumpy.

Not that anyone foresees an actual recession--at least not before the year 2000 (known as Y2K to...

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