Leading Economic Indicators Back to Pre-2008 Levels
Has the U.S. economy finally turned the corner? Our regular economic indicators suggest that something other than traditional beginning-of-the year optimism is going on.
Daily confidence among consumers and investors as measured by the Rasmussen Reports Consumer and Investor Index has steadily increased over the past several weeks. On Monday, the consumer and investor indexes reached 116 and 132.1 respectively, the highest findings since 2007. While it is generally typical to observe a spike in overall confidence at the start of the year, these are surges not seen since well before the 2008 financial meltdown.
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