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| Economy |
| Outside The Beltway, It's Morning In America Again |
| 2017-02-24 |
| h/t Instapundit You'd never guess this from the end-of-the-world treatment President Trump gets in the mainstream press, but his election has unleashed a wave of optimism about the economy we haven't seen in more than a decade. This is huge news that has big implications about economic growth. The latest business leaders' survey from JPMorgan Chase finds a dramatic increase in optimism among the 1,400 middle-market executives polled. It found that 80% of these executives are optimistic about the economy, which is nearly double the share expressing optimism just one year ago. And it's the highest level since this survey began seven years ago. ...A National Federation of Independent Business survey found the same surge in optimism among small businesses since Trump won the election in November. At 105.9, this index is the highest it's been in more than 12 years. "Small-business owners like what they see so far from Washington," said NFIB head Juanita Duggan. Investors like what they're seeing, too. In fact, since Trump's inauguration in January, the Dow Jones industrial average has climbed more than 4%, the biggest post-inaugural jump in that index since FDR. |
| Posted by:g(r)omgoru |