Economic Preview: Stars are aligned for economy as it closes in on record for longest expansion

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The stars are aligned for stock investors. Stable economic growth, a strong labor market and low inflation.

Is it time to worry about the economy?

After all, the stock market is hitting record highs again, the jobs market is booming and the inflation bogeyman is no where to be found. Isn’t the economy due for a letdown after a nearly 10-year expansion that will set an all-time record in two months?

Read:U.S. creates 263,000 jobs in April as unemployment falls to 49-year low

Don’t count on it anytime soon.

For one thing, the economy actually isn’t running at full-tilt and doesn’t appear to be generating the sort of excesses that emerge right before recession.

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