Archive | April 2017

Hope and Reality

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Why is everyone so happy? Well, maybe not everyone, but a lot of people are as optimistic as they’ve been in a long while. Start by looking at consumer confidence, as collated by the Conference Board below. Confidence is at the highest level in the past five years (see graph below); in fact, confidence is only a little shy of its all-time peak in September 2000 (which, ominously, marked the top of the great Internet bubble). Conference Board Survey of Consumer Confidence, 2011-2017 One finds the same results in nearly all the surveys, from consumers to small businesses to baseball Read More