Shocker! New Tech Bubble Spurs Confidence
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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.
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