Building Confidence
Recently, two columnists in the same issue of our capital markets newsletter addressed current events, each taking a different perspective. One acknowledged the current spate of bad news around the world but took a positive view of the U.S. economy; the other termed optimism about U.S. economic performance misguided.
Recently, two columnists in the same issue of our capital markets newsletter addressed current events, each taking a different perspective. One acknowledged the current spate of bad news around the world but took a positive view of the U.S. economy; the other termed optimism about U.S. economic performance misguided. It was an intriguing juxtaposition, because while the U.S. is not immune to the current world risks—terrorism, the Ebola virus, European currency weaknesses—there is enough good news back home to engender a positive outlook. The job market continues its slow but steady improvement, and as George Ratiu, director of quantitative and commercial research for the National Association of Realtors, points out this month in his quarterly CPE column, upbeat consumers are infusing money into the retail sector. And he expects business confidence to likewise spur spending.
Read the full article in the October 2014 issue of CPE. Access is free!
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