According to the latest Investors Business Daily’s Economic Optimism Index, economic optimism rose 3.4 points to 54.8 – the highest reading in a decade. The IBD’s Economic Optimism Index is a composite of three major sub-indexes that track views of near-term economic prospects, the outlook for personal finances over the coming six months and views of how well government economic policies are working. Interestingly, it also shows a clear partisan divide between Republicans and Democrats, especially, whose sentiment is the lowest since October 2008. Overall, this portends to be good news for the economy!
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