Sentiment vs. reality: The economy is telling two stories
How is the economy doing? Based on surveys alone, one would think it is booming. Consumer confidence soared to a 16-year high in a Conference Board poll released this week. Surveys of small-business owners reflected optimism since the election. Chief executives of the largest U.S. companies say they are more optimistic now, according to a Business Roundtable survey. But just because people say they are optimistic doesn’t mean everything is great again. (The Wall Street Journal)
How is the economy doing? Based on surveys alone, one would think it is booming. Consumer confidence soared to a 16-year high in a Conference Board poll released this week. Surveys of small-business owners reflected optimism since the election. Chief executives of the largest U.S. companies say they are more optimistic now, according to a Business Roundtable survey. But just because people say they are optimistic doesn’t mean everything is great again. (The Wall Street Journal)