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Quarterly Business Report: As Good as It Gets

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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MICHAEL BREEN, vice president of the Truman Project, a national security leadership institute, on the possible outcome of the U.S. and Israel's tough stance on Iran's nuclear program
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