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To: Elsewhere who wrote (39881)2/11/2000 9:20:00 PM
From: Elsewhere  Read Replies (1) | Respond to of 99985
 
There's no reason why it cannot continue indefinitely.

The Wall Street Journal Interactive Edition February 11, 2000

Economy: No End in Sight for Economic Boom In U.S., According to Clinton Report
By JOHN D. MCKINNON, Staff Reporter of THE WALL STREET JOURNAL

WASHINGTON -- The current economic expansion, the longest in U.S. history, can continue "indefinitely," a top adviser to President Clinton said in releasing the administration's annual economic report.

"The fundamentals look very good," said Martin Baily, chairman of the president's Council of Economic Advisers. "As long as we stick to sound policy, there's no reason why it cannot continue indefinitely."
...

interactive.wsj.com

Mr. Baily's statement sounds familiar:

American History 102, Lecture 18

In 1929 Yale University economist Irving Fisher stated confidently:
"The nation is marching along a permanently high plateau of prosperity."


us.history.wisc.edu

See also

Colin's hot financial page
users.dircon.co.uk

Bubblenomics
forbes.com

Financial quotes
cyberhaven.com