The quote above is by Myron E. Forbes, President, Pierce Arrow Motor Car Co. (January 12, 1928).
However, the same could be said by forecasters today.

With the calendar’s turn from April to May, the U.S. economic expansion has become the nation’s second-longest on record.
That milestone was reached as the Federal Reserve prepared to begin a two-day meeting in Washington on Tuesday. After a slow-but-steady slog over the past eight years and 10 months, most parts of the economy still look resilient... if everything stays on track, the U.S. expansion would become the longest on record in July 2019, based on National Bureau of Economic Research figures that go back to the 1850s.

Even though inflation is edging higher, the overall cost of living remains contained. That, together with lower taxes and robust hiring, is why economists forecast a decent runway for household spending, the biggest part of the economy.
Jobs data due Friday are expected to confirm employment picked up in April after cooling in March. The 4.1 percent unemployment rate, already below what’s generally considered consistent with full employment, is projected to keep falling. Businesses frequently complain about a shortage of qualified workers, and the hope is that a tight job market may finally spur an acceleration in wage growth, whose tepidity has been a disappointing feature of the expansion.

For some reason economists haven't figured out that the unemployment rate could drop to zero and it won't have much effect on wage growth.
Why? because the unemployment rate only measures within a country, while workers are competing with wages of the entire world.
The only things that could change this is an end to globalization or a revival of labor unions, and the ruling elite won't stand for that.
Thus the "decent runway for household spending" will only be used by the top 10%.

On the other hand, the Conference Board’s leading economic index, a broad measure of the U.S. outlook, shows growth is on course for another decent run, according to Ed Yardeni, founder of Yardeni Research Inc.
“This expansion has a shot at the record books,” he wrote in a note to clients.

"There is no cause to worry. The high tide of prosperity will continue."
- Andrew W. Mellon, Secretary of the Treasury. (September 1929)

10 more years of uninterrupted growth, according to the CBO.
That sound perfectly reasonable, amirite?