U.S. Economic Confidence Remains Lower
Bottom Line
Over the past two months, Americans' confidence in the economy has declined, and much of the positive momentum seen earlier in the year has been lost, reflecting the current economic situation. The July jobs report the U.S. government released Aug. 3 showed unemployment had increased, but more jobs were added than expected, perhaps preventing a larger decline in confidence.
Stock prices have also generally remained flat over the past several weeks, with no major gains or losses being sustained, and little has changed in the European economy. If economic indicators remain flat, as they have over the past two months, little change can be expected in the Economic Confidence Index. However, the U.S. presidential election may spur a reaction -- possibly invoking a brief rally in Americans' confidence about the direction of the nation, including the economy.
We continue to suffer under the Obama failures.....
Bottom Line
Over the past two months, Americans' confidence in the economy has declined, and much of the positive momentum seen earlier in the year has been lost, reflecting the current economic situation. The July jobs report the U.S. government released Aug. 3 showed unemployment had increased, but more jobs were added than expected, perhaps preventing a larger decline in confidence.
Stock prices have also generally remained flat over the past several weeks, with no major gains or losses being sustained, and little has changed in the European economy. If economic indicators remain flat, as they have over the past two months, little change can be expected in the Economic Confidence Index. However, the U.S. presidential election may spur a reaction -- possibly invoking a brief rally in Americans' confidence about the direction of the nation, including the economy.
We continue to suffer under the Obama failures.....
