Stanaland, now president of GSE, Inc., an Auburn, Ala.-based economic and management consulting firm, spent 20 years as a member of the Economics Department at Auburn University, and was head of the department for the last eight years. If the picture he painted for his audience with words were an actual picture painted on canvas, the canvas would surely be blank. Or, it would be a wild abstract open to anyone's interpretation. Those images accurately reflect the times in which we live. Never before have we had a such a long run of economic prosperity.
Unemployment is low.
Inflation is virtually nonexistent. In decades past, you couldn't have both and still expect to maintain a strong economy. Today, however, the economy is doing just fine. Just when the other proverbial shoe will drop is anyone's guess. No one knows the new parameters.