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In this time series poll of about 1000 people, an increasing percent think the US is headed in the right direction. Note, however, that a majority believe it is heading in the wrong direction.
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Monday, May 31, 2010
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It is promising that people's confidence is increasing and think that we are headed in the right direction. But as it was pointed out majority of people think we are headed in the wrong direction and that is not good. It has decreased but it is still pretty high and hopefully this will decrease soon.
ReplyDeleteI agree with Jared It is good to see that consumer confidence is increasing because this is vital to the recovery. But at the same time the majority of people think that we are heading in the wrong direction this is a not a good sign of the economic recovery and hopefully this can be resorted by some economic stability.
ReplyDeleteThese numbers, when you really look at them are reactionary. I think it is good to see these changes but I would urge against looking at these things as projections going forward.
ReplyDeleteLike Jared and Rob said it is great to see that consumer confidence is up. That is exactly what we need in order to help pull us out and continue our recovery. Some people do think were heading in the wrong direction but there will always be those people. Not everyone will ever be thinking were doing the right thing for the economy. I think that as long as consumer confidence stays high we will be fine for the near future.
ReplyDeleteMaybe I'm looking at the graph wrong, but I don't think it shows that 'an increasing percent think the US is headed in the right direction.' Sure, you draw a trend line, that's the way it points. But look at at the area between red and blue. It's gotten bigger over the last few months. Not a good sign.
ReplyDeleteThat is true that is has gotten bigger but it seems to be a changing and volatile area. It has gotten bigger than smaller frequently. Although this helps with consumer expectation it doesn't really tell us anything but maybe how smart or dumb we are as people. I would like to see people's reaction to this based on region and even state to see if some places that are worse than others have a different opinion on the current state of the economy. I'm sure many think in a relatively smaller range and region when considering the economy...
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