What does US economic optimism say about all this looming recession chatter?
Apparently, we don’t believe it. Americans’ perception of the current economy, known as the Present Situation Index, just hit its highest mark since the turn of the millennium (November 2000).
The index jump to 177.2 in August, from July’s 170.9.
That doesn’t mean there isn’t some concern, however. The overall Consumer Confidence Index dipped slightly – thought due to continuing trade concerns – to 135.1 in August. The July reading was 135.8.
Do you think another recession is coming? Do you think it’s simply political rhetoric made to create doubt for voters in the midst of a good economy?
