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"Optimism index" suggests recession is here
Marketwatch ^ | Aug 6, 2011 | Marketwatch

Posted on 08/06/2011 1:06:58 AM PDT by Clairity

Investors don't need more bad news right now, but, even before the S&P downgrade of U.S. sovereign debt late Friday, they seemed to be cognizant it was coming.

The Investors Business Daily Economic Optimism Index dropped by 13.5% from July to August, with its latest reading representing the lowest point in the index's 10-year history. The August reading of 35.8 - down from 41.4 last month - is roughly 20% below both its 12-month average and the reading from December 2007, when the economy entered recession.

Not surprisingly, a reading that low suggests another recession is on the way.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Extended News; Government; Politics/Elections
KEYWORDS: creditdowngrade; economy; recession
The Obama recession.
1 posted on 08/06/2011 1:07:02 AM PDT by Clairity
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To: Clairity

I’m glad they told us this; I thought we’d emerged from any economic problems. /s


2 posted on 08/06/2011 1:11:21 AM PDT by kearnyirish2
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To: Clairity

It isn’t pessimism! It’s negative optimism!


3 posted on 08/06/2011 1:18:16 AM PDT by HiTech RedNeck (There's gonna be a Redneck Revolution! (See my freep page) [rednecks come in many colors])
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To: Clairity
OBAMA's CARTER PHASE2
4 posted on 08/06/2011 1:29:05 AM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: Clairity

It never left.


5 posted on 08/06/2011 2:25:01 AM PDT by mkmensinger
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To: HiTech RedNeck

Just a dumb question....could some one tell me when the previous one ended?


6 posted on 08/06/2011 2:28:25 AM PDT by saintgermaine
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To: saintgermaine

Late in the second Bush administration, up to which point things were picking up a lot of steam again after the late Clinton dotcom bust?


7 posted on 08/06/2011 2:34:39 AM PDT by HiTech RedNeck (There's gonna be a Redneck Revolution! (See my freep page) [rednecks come in many colors])
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To: saintgermaine

(Then there befell America, a Democrat Congress....)


8 posted on 08/06/2011 2:36:16 AM PDT by HiTech RedNeck (There's gonna be a Redneck Revolution! (See my freep page) [rednecks come in many colors])
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To: saintgermaine

You blinked and missed the 1/2 second interval.


9 posted on 08/06/2011 3:08:48 AM PDT by Salamander (Can't sleep...clowns will eat me.)
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To: saintgermaine

The previous one ended when Obama said it ended - the very second the words came out of his mouth. Then, reality set in and it resumed where it left off and got even worse instead of better. I can see the cliff from my back yard...


10 posted on 08/06/2011 3:55:46 AM PDT by trebb ("If a man will not work, he should not eat" From 2 Thes 3)
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To: Clairity

More like depression.


11 posted on 08/06/2011 4:05:09 AM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who wonÂ’t leave.)
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To: Clairity

My “we’re f-ed” index has been pegged for some time.

Can’t wait until Obamacare saves the economy.


12 posted on 08/06/2011 5:14:57 AM PDT by sbMKE
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To: Clairity

Another recession? We’ve been in a depression.

In another time and place, the unemployment numbers - the real ones, not the fairy tales the federal government gives us - would show we’ve been in a depression and things are not getting better.


13 posted on 08/06/2011 6:01:53 AM PDT by MichiganConservative (T. Jefferson's warning come true: THIS morning you woke up a slave to government and central bankers)
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To: Clairity
""Optimism index" suggests recession is here"

...understated King Charles with his cavalier "sniff" before the storm.


14 posted on 08/06/2011 4:12:24 PM PDT by familyop ("Plan? There ain't no plan!" --Pigkiller, "Beyond Thunderdome")
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