Wednesday, December 28, 2016

The New Trump Economy

It begins:
Consumer confidence climbed in December to the highest level since August 2001 as Americans were more upbeat about the outlook than at any time in the last 13 years, according to a report Tuesday from the New York-based Conference Board.
Confidence index increased to 113.7 (forecast was 109) from a revised 109.4 in November
Measure of consumer expectations for the next six months rose to 105.5, the highest since December 2003, from 94.4
American households are expecting a Donald Trump administration to deliver. They are more upbeat about the prospects for the economy, labor market and their incomes, according to the Conference Board’s report. The results corroborate surveys by the University of Michigan and the National Federation of Independent Business, which showed jumps in household and business sentiment on Trump’s pledges to boost jobs, cut taxes and ease regulations.
Winning means never having to apologize for optimism...

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