More Americans this month said the world’s largest economy will improve than at any time in the past decade, led by a surge among Democrats following the re-election of President Barack Obama. …
“The gain is largely political in nature, occurring very disproportionately among Democrats,” said Gary Langer, president of Langer Research Associates in New York, which compiles the index for Bloomberg. “Gains in views the economy is improving, to be truly persuasive, will need to be more broadly based.”
Meantime, the weekly Bloomberg Consumer Comfort Index was at minus 33.9 in the period ended Nov. 18, hovering near a seven-month high of minus 33.1 the prior week. [cont.]
Elizabeth Dexheimer, Bloomberg