Posted on 08/10/2005 11:06:13 AM PDT by CAWats
"We're seeing confidence in the economy improving among just about all Americans," said Raghavan Mayur, president of TIPP, a unit of TechnoMetrica Market Intelligence, IBD's polling partner. He credits a string of good news showing an economy gaining momentum.
"Job growth has been strong, with more than 200,000 new jobs added in July alone. Beyond that, factory orders are up, average weekly wages are up, interest rates are still low and the Fed has done its part to keep inflation at bay."
"Consumer confidence has clearly turned up," added Terry Jones, associate editor at Investor's Business Daily. "Despite the spurt in oil prices above $60 a barrel, more people believe their own personal financial situation will improve over the next six months. This is significant, and potentially a very good sign for the economy."
(Excerpt) Read more at investors.com ...
The Six-Month Economic Outlook, a measure of how consumers feel about the economy's prospects in the next six months, climbed 4.7 points, or 11.6%. But at 45.3, it remains in negative territory, where it's been for six months — the second longest stretch below 50.0 since the 10-month slump that began in February 2001 and ended in November of that year.
** What is MSM and their Dems going to try and demonize now?? **
Bush's fault.
Cue up "worst economy since Herbert Hoover..."
The next recession will be long and hard.
Really? When will it start? How long and hard will it be? Lay out your prediction.
We will be fine until $75 a barrel oil...and then all hell breaks loose.
One cold winter(record cold and snow in southern Australia...and in the age of global warming)....
We will be grateful for global warming when home heating oil hits $3.
As the economy cools, Hillary Clinton takes advantage and wins the presidency.
Her incompetence makes Carter look like Reagan +....brings on dangerous recession/depression.
My worst case scenario by 2010.
So the recession starts in 2010?
The recession starts next summer ...2006.
The depression is in place by 2010.
Great. How long and deep will it be?
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