Shocker! New Tech Bubble Spurs Confidence

A recent Gallup poll indicates that, in a part of the country where stock values and home values are at nosebleed levels with a dovish Federal Reserve just last week providing a green-light for more of the same, the populace is pretty confident about the economy.

About the only thing that might be considered surprising about the data below is just how big the confidence gap is between the Bay Area and the rest of the country.

At the other end of the spectrum are areas in states such as Alabama, Mississippi, Tennessee, Arkansas, and Oklahoma where folks are downright gloomy. In these areas, 60 percent or more of the respondents said that the economy is getting worse, not better, and less than 20 percent said that current conditions were good or excellent.