Home Topics in Depth Economics American Consumers’ Economic Outlook Strongest Since Early 2015

  • Purveyor (2633 posts)
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    American Consumers’ Economic Outlook Strongest Since Early 2015

    byVince Golle
    December 22, 2016, 9:45 AM EST

    Americans’ economic expectations rose in December to the highest level in almost two years in the month following the presidential election, according to figures in the Bloomberg Consumer Comfort Index released Thursday.

    Key Points

    *Economic expectations jumped to 53.5 this month, the  strongest since February 2015, from 44 in November
    *The 9.5-point monthly gain was the largest since a similar  advance in October 2014
    *Weekly consumer comfort gauge climbed to 46.7 in the period  ended Dec. 19, the highest since April of last year, from 45.5
    *Weekly index of views about present economic conditions rose  to the highest level since January 2015

    Big Picture

    The sizable shift in expectations about the economy, most notably among $50,000-plus earners, homeowners and Republicans, could invigorate the household spending that is the economy’s bread and butter. For the first time since March 2015, the share of those who say the economy is getting better exceeded the percentage who say it’s worsening. The increase in confidence, consistent with a similar pickup in business sentiment, coincides with a stock-market rally in anticipation that President-elect Donald Trump’s policies will boost corporate earnings and growth.

    MORE….

    https://www.bloomberg.com/news/articles/2016-12-22/american-consumers-economic-outlook-strongest-since-early-2015

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  • Koko (4168 posts)
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    1. Big Dreams!

    yet the lurking Black Swans are always out there.  Especially when the “Consumer Sentiment” begins to be reported on as growing “ever more positive.”

    From the Article:

    The increase in confidence, consistent with a similar pickup in business sentiment, coincides with a stock-market rally in anticipation that President-elect Donald Trump’s policies will boost corporate earnings and growth.

  • FanBoy (7985 posts)
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    2. Yeah, expectations are high amongst the top fourth of the income

    distribution.

    median individual income in 2015 = $30K.

    https://fred.stlouisfed.org/series/MEPAINUSA672N

    what a stupid article.

    FEA