That, in turn, has revived the idea of the "Goldilocks economy": not too hot, not too cold.
But the consensus view of most economists is that a Goldilocks economy cannot survive beyond 1990.
We've sort of convinced ourselves that the Goldilocks economy is alive and well.
For the last five quarters, profits have been flat to down in the context of a Goldilocks economy.
Nearly five years after the last economic boom sputtered out, executives and investors are again talking about a rebirth of the Goldilocks economy.
The Goldilocks economy - not too hot, not too cold - was never a perfect metaphor even at the height of the 1990's.
Falling corporate profits are going to put a squeeze on corporate investment, which has been "the key to the Goldilocks economy," he said.
Is this the end of the "Goldilocks economy"?
It's going to take something that really shoots the whole Goldilocks economy full of holes before the market gets any meaningful correction.
They no longer believe one of their inalienable rights is a rising stock market and a Goldilocks economy.