U.S.: Still No Snake In The Economy's Eden

But how long can strong growth with low inflation last?

Nirvana continues, and Wall Street loves it. From all outward signs, the economy is beginning 1997 right where 1996 left off: an investor's paradise of healthy growth, strong profits, low inflation, and an idle Federal Reserve. That's why the Dow Jones industrial average bulled its way past the 7,000 mark on Feb. 13. And if you expect this blissful combination to last, then you're probably part of the group chanting, "10,000 by 2000."

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