Most Americans Since 2004 See Economy Improving

[NJMaverick]

Quote:More Americans this month said the economy was improving than at any time in eight years as the job market picked up.
The share of households viewing the economy as heading in the right direction rose to 34 percent in March, the most since January 2004, pushing the Bloomberg monthly expectations gauge to a one-year high of 1. The weekly Bloomberg Comfort Index (COMFCOMF) was minus 34.9 in the period ended March 18, down from a four-year high of minus 33.7 over the previous seven days.
“The sense that things have finally stabilized has clearly boosted confidence,” said Joseph Brusuelas, a senior economist at Bloomberg LP in New York. “Downside risk to both the overall level of comfort and Americans perceptions of the direction of the economy remains” as fuel prices increase, he said.
The best six months of job growth since 2006 is probably behind the increase in optimism, raising the odds that the spending that accounts for about 70 percent of the economy will strengthen. Gains in incomes and employment may be among reasons households have so far been able to weather the jump in gasoline prices.
The weekly comfort index has been higher than minus 40 for the past six weeks, the longest stretch of readings above recession levels since the first half of 2008.

http://www.bloomberg.com/news/2012-03-22...ck-up.html

[janedrake]

While Republicans dragged their feet and wasted taxpayers' time and money - Pres. Obama said, "We Can't Wait!" and he meant it. Congratulations, Pres. Obama on a steadily-improving economy! Congratulations, Democrats - and thanks for fighting like hell for us!

[Drunken Irishman]

This is how a recovery starts. More optimism leads to more consumer spending, which creates more jobs that leads to better employment figures that lead to more optimism that...well, you get the idea.

I hope it continues. It's about time our country get some good news.

[NJMaverick]

(03-22-2012 12:52 PM)Drunken Irishman Wrote:  This is how a recovery starts. More optimism leads to more consumer spending, which creates more jobs that leads to better employment figures that lead to more optimism that...well, you get the idea.

I hope it continues. It's about time our country get some good news.

Absolutely just as the reverse is how we see recessions and depressions start