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Economic Confidence Hits Four-Year High of ... Negative-16!

Derek Thompson

Gallup's Economic Confidence Index inched above negative-17 for the first time in the four-year history of daily tracking. The index can go as high as 100, if all respondents say the economy is strong and improving, or as low as negative-100, if everybody says things are bad and getting worse. Its lowest-ever score was 65 below zero, back in late 2008.

Today, 52% of Americans think things are getting worse, and only 15% describe conditions as "excellent" or "good." Ladies and gentlemen: all-time record economic optimism.

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