Friday, December 12, 2014

YET MORE GOOD NEWS ON THE ECONOMY

Seems like every day we get more good news on the economy.  The latest is that the Thompson Reuters/University of  Michigan Consumer Sentiment Index is at an 8 yr high at 93.8, (the highest since January of 2007).  The final November reading is 88.8, also good.  Consumer expectations came in at 86.1 (the highest since January 2007) from 79.9, and the gauge on economic conditions rose to 105.7 from 102.7 (the highest since February 2007). "Expected wage gains rose to their highest level since 2008, and consumers voiced the most favorable buying attitudes in several decades," survey director Richard Curtin said in a statement." (http://www.cnbc.co/id/102263893?trknav=homestack:topnews:8)

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