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Home>Opinions and Analysis>Confidence Soars, Stocks Soar, It’s All Good

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Confidence Soars, Stocks Soar, It’s All Good

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Tim Iacono

The Mess that Greenspan Made

Published : August 26th, 2014

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FOLLOW : Conference Board Consumer Confidence Housing Housing Market Market Recovery

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Category : Opinions and Analysis


	The Conference Board reported that consumer confidence reached a fresh seven-year high this month as Americans are increasingly optimistic about the economy in general and the job market in particular. The group’s confidence index rose from a downwardly revised 90.3 in July to a new recovery high of 92.4 this month as the present situation component jumped 6.7 points to 94.6. The expectations component dipped 1.0 point to 90.9. Earlier, two reports indicated slowing momentum in the nation’s housing market as the Case Shiller Home Price Index showed declining year-over-year gains, down from 9.3 percent to 8.1 percent, and the FHFA reported price gains dropped from 5.5 percent to 5.1 percent.

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IMG Auteur

Tim Iacono 13 abonnés

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Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.

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