Investor confidence and small business optimism, coupled with sane fiscal policy, likely to boost economy
(This post originally appeared on Townhall.com)
By Dan Celia
Americans certainly have many reasons to be optimistic about 2017, starting with the markets and the economy. After all, according to a recent Wells Fargo/Gallup Small Business Index, post-election investor optimism hit a nine-year high during the month of November. This cannot be solely credited to the election, but it is the third-straight quarter of improving sentiment; nine months of this kind of trajectory certainly represents a positive trend.
You often hear me talk about the National Business Survey, which is a survey of thousands of small businesses across the country. The National Federation of Independent Businesses conducts this online sampling each month. Last month, I mentioned that, for the first time in ages, confidence in the economy had crossed into positive territory. (more…)