Posted on 12/09/2016 12:59:48 AM PST by expat_panama
The IBD/TIPP Economic Optimism Index surged to a 10-year high in December, as confidence in the outlook got a jolt from the presidential election and the subsequent stock-market rally.
Economic Optimism rose 3.4 points to 54.8, the highest since November 2006, remaining above the neutral 50 level for the third straight month.
While confidence in the economy had been on the upswing before the election, the surprise victory of Donald Trump, part of a clean sweep for Republicans, had a huge effect on Americans' economic expectations. The effect was far more positive than negative, but economic sentiment tends to be partisan, and that's never been more clear than in this month's poll.
Optimism about the six-month economic outlook rocketed to 86.6 among Republicans from 50.9 just before the election, hitting the highest level since the IBD/TIPP Economic Optimism Index was launched in 2001. Independents' view of the six-month outlook jumped 12.7 points to 58.5, highest since January 2004. But sentiment among Democrats plunged 32.1 points to 28.2, lowest since October 2008, just before Barack Obama was elected...
...Beyond the divergence in optimism along political lines, there were also clear differences along racial and geographic lines.
Optimism fell 7.2 points to 51.2 among urban dwellers, while jumping 5.1 points to 54.9 among suburbanites and surging 11.7 points to 58.4 among rural dwellers.
Optimism jumped 7.5 points to 56.3 among whites, while falling 8.8 points to 50.1 among blacks and Hispanics.
(Excerpt) Read more at investors.com ...
Wow. I guess BO really set him up for success for handing over such a humdinger of an economy!!
/sarc
Won’t be long before we need to think about taking some profits. When everyone is fully invested, there’s no more money to buy equities.
Poor little democrats... Daddy’s gonna’ make them taste that nasty medicine that’s gonna’ cure them but make them cry and wet their little pants.
The Rats CHOOSE ANTIAMERICANISM. Illegal aliens, globalism, you name it. They should not be surprised Americans turned on them.
Just amazing isn’t it? I can’t for the life of me fathom why liberals hate America so much and want it to be like the dismal failure called Europe.
Some Dems certainly should be concerned, especially government workers and those on the dole. Without them, there IS no Democratic Party.
Is it possible—are the Dems simply that economically idiotic?
Monica Crowley with a nice piece:
http://www.washingtontimes.com/news/2016/dec/7/donald-trump-and-the-art-of-getting-it-done/
She’d make a great press secretary.
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