The fundamentals of the economy are strong right now. So long as we avoid a trade war (indications are we will avoid one and may actually see tariffs go down as a deal is likely late this year) we will push back the next crisis.

I'd say we will have a recession some point in the next 3-5 years, but I don't think the scale of the recession will be anything like the 2008 crisis and will be more cyclical in nature. Think more akin to the early 2000s tech bubble recession

Even retail is strong, and you can't call it "defensive spending" growth for Walmart when Macy's is reporting strong earnings at the same time. Heck, this past quarter was one of the best for earnings across the board. It was the rare quarter where estimates were raised midway through the quarter and companies then routinely beat those raised estimates.

Now if the trade talks scheduled for later this year blow up, this all goes out the window.

So you don't see all the chickens from this "Quantitative easing" coming home to roost?

The fundamentals of the economy are strong right now.

The use of this phrase in popular lexicon seems to be a harbinger of doom.

Never coming for me. All my money is in gold and beanie babies.

Silly, Brick! Ginseng is where it's at!

The stock market will come back to earth in the next year but stock market =/= economy.

So long as US companies continue to report strong earnings, money will continue to be invested in the market. I don't think you'll see 20% gains like you did last year, but even this year with the threat of tariffs weighing down the markets, we are up 8%. As soon as the tariff threat cools down, which is likely in Q4, you will see a jump in the markets.

In the next year

We'll see.

In this case, the data supports the optimism in the economy. Consumer confidence is strong, consumer spending is strong, unemployment is low, wages are going up, corporate profits are high, new home builds are increasing, etc.

The use of this phrase in popular lexicon seems to be a harbinger of doom.

I have a lot of my money tied up in valuable sets of baseball, football, and basketball cards.

Equities are overvalued, but the highly valued companies produce real earnings and cash flow as opposed to what we saw in the 2000 dot com bubble. As interest rates rise, eventually money will start to flow back to fixed income in a meaningful way as to reduce investments in equities. I don't see a mega financial crisis. Banks are very well capitalized. There are mini bubbles in things like auto lending and student loans, but the latter is mostly Federally guaranteed. It is more likely that the inverted yield curve will cause a mild, normal recession probably around the time of the next presidential election. Republicans have a habit of leaving problems for the next guy (girl in 2020 Kamala).