Most Americans in Decade Project Economy Will Get Better

[Purveyor]

Source: Bloomberg

By Elizabeth Dexheimer - Nov 21, 2012 9:45 AM ET

More Americans this month said the world’s largest economy will improve than at any time in the past decade, led by a surge among Democrats following the re- election of President Barack Obama.

The share of households projecting the economy will get better rose to 37 percent in November, the highest since March 2002. That propelled the Bloomberg monthly consumer expectations gauge to 4 from minus 7 in October. The weekly Bloomberg Consumer Comfort Index was at minus 33.9 in the period ended Nov. 18, hovering near a seven-month high of minus 33.1 the prior week.

“While the improvement in expectations is largely a function of the election, rising equity prices, an improving labor market and a growing sense the tide has finally turned in the housing market are contributing to the turn in overall sentiment,” said Joseph Brusuelas, a senior economist at Bloomberg LP in New York.

Growing confidence may lead to a pickup in spending, which makes up about 70 percent of the economy, boosting sales at department stores such as Kohl’s Corp. at the start of the year- end holiday shopping season.

Read more: http://www.bloomberg.com/news/2012-11-21/most-americans-in-decade-project-economy-will-get-better.html

[drm604]

1. What do most Americans not in decade project?

I know it's not your fault. The rules say use the actual headline and that's what you did; but what a horrible mangled headline.

[xtraxritical]

2. The article is missing an artical?

[jtuck004]

3. They are hoping that more people will think the economy is improving so they buy more stuff made

in China, financed by the venture capital firms who suck opportunity out of their lives as profit, then go home to hear people telling them they need to share the wealth in their SS and Medicare.

Wonder how long this little mirage will waver in the growing heat?