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Wachovia - Confidence: Does Anyone Have Any?

Posted on May 15, 2009 at 13:20 in Forex, US Economy by Francesc

Across a broad array of confidence indicators, from consumers to small businesses to the heads of the largest companies in the country, confidence is at low tide. While some indices have seen marginal improvement in recent months, it is hardly time to celebrate the newfound confidence that might lead to a forecast of above trend economic growth. The level of most indicators remains at or near multi-decade or even all-time lows as the economic downturn has pummeled the feelings of both households and business people across the country. Still, something can be said for the fact that most confidence indicators have stopped falling or have reversed at least temporarily. This mirrors much of the information we are seeing in the “hard” data across the economy and gives us some hope for growth, but not yet a boom.
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Tags: US consumer confidence, Wachovia

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