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Economic optimism rebounded in the latest month from a two-year low, but only partially recouped losses, suggesting a lingering impact on sentiment after the partial government shutdown ended.
The IBD/TIPP Economic Optimism Index improved by 3.0 points, or 7.8%, in November, posting 41.4 vs. 38.4 in October. The index is 3.6 points below its 12-month average of 45.0, 3.0 points below its reading of 44.4 in December 2007 when the economy entered the recession, and 8.1 points below its all-time average of 49.5.
Economic optimism is hitting lows not seen since the August 2011 debt ceiling and budget showdown, as Washington sinks once again into bitter stalemate.
U.S. consumers were sharply more pessimistic about the economy while views of their own personal finances and how government policies are working also weakened, in the latest poll from Investor's Business Daily and TIPP, a unit of TechnoMetrica Market Intelligence.
The IBD/TIPP Economic Optimism Index declined by 7.6 points, or 16.5%, in October, posting 38.4 vs. 46.0 in September. The index is 7.2 points below its 12-month average of 45.6, 6.0 points below its reading of 44.4 in December 2007 when the economy entered the recession, and 11.1 points below its all-time average of 49.5.
President Obama says Congress should raise a self-imposed limit on government borrowing without strings attached and without worrying about the size of federal deficits. The American public disagrees.
For many economy-watchers and investors, the nonrelease of jobs data due to the government shutdown is a big problem. How can they know how the economy is doing? Don't worry, we've got you covered.
Picture the following chain of events that could play out as part of the fiscal showdown now engulfing Congress.
U.S. consumers were slightly less pessimistic about the economy and their personal finances in the latest poll from Investor's Business Daily and TIPP, a unit of TechnoMetrica Market Intelligence.
The IBD/TIPP Economic Optimism Index improved by 0.9 points, or 2.0% to 46.0 in September, up from 45.1 in August. The index is 0.9 points below its 12-month average of 46.9, 1.6 points above its reading of 44.4 in December 2007, when the economy entered the recession, and 3.6 points below its all-time average of 49.6.
U.S. consumers were more pessimistic about the economy and their personal finances in the latest poll from Investor's Business Daily and TIPP, a unit of TechnoMetrica Market Intelligence.
The IBD/TIPP Economic Optimism Index declined by 2.0 points, or 4.2%, in August, posting 45.1 vs. 47.1 in July. The index is 2.2 points below its 12-month average of 47.3, 0.7 points above its reading of 44.4 in December 2007 when the economy entered the recession, and 4.5 points below its all-time average of 49.6.
The IBD/TIPP Economic Optimism Index signaled pessimism for a ninth straight month, retreating further in recent weeks as Federal Reserve talk of curbing the massive monetary stimulus roiled financial markets, hurting investor confidence.
The IBD/TIPP Economic Optimism Index declined by 1.9 points, or 3.9%, in July, posting 47.1 vs. 49.0 in June. The index is 0.3 points below its 12-month average of 47.4, 2.7 points above its reading of 44.4 in December 2007 when the economy entered the recession, and 2.6 points below its all-time average of 49.7.
The IBD/TIPP Economic Optimism Index improved by 3.9 points, or 8.6%, in June, posting 49.0 vs. 45.1 in May. The index is 1.6 points above its 12-month average of 47.4, 4.6 points above its reading of 44.4 in December 2007 when the economy entered the recession, and 0.7 points below its all-time average of 49.7.
The IBD/TIPP Economic Optimism Index declined by 1.1 points, or 2.4%, in May, posting 45.1 vs. 46.2 in April. The index is 2.1 points below its 12-month average of 47.2, 0.7 points above its reading of 44.4 in December 2007 when the economy entered the recession, and 4.6 points below its all-time average of 49.7.
A year into the worst economic downturn since the Great Depression, James Angel went all in with stocks – in fact, more than all in. In January 2009, the finance professor at Georgetown University bought leveraged exchange-traded funds, which allowed him to borrow money so he could own more stock. He was convinced the market was nearing its nadir. He thought it was a perfect time to invest.
Despite being badly spooked by the 2008-09 financial crisis, Americans have retained their faith in the stock market.
As real as the housing recovery is, a new poll finds that home buying is still hampered significantly by challenges such as tight credit and a constrained supply of homes for sale.
Americans regained some confidence lost ahead of the "sequester" budget cuts, after predictions of doom were seen as overblown, according to the latest IBD/TIPP Economic Optimism Index.
