Monday, February 22, 2010

A Notable Poll On Economic Conditions

Here is poll (in PDF format) on economic conditions that I believe is highly notable. It is from CNN and was conducted February 12-15, 2010.

The question presented was "How would you rate the economic conditions in the country today -- as very good, somewhat good, somewhat poor, or very poor?"

A total of 83% replied economic conditions were "somewhat poor" or "very poor." 44% of respondents said conditions were "very poor."

Of further note, when one looks at the trend of the responses, there hasn't been much of an improvement from year-ago levels.

Although this is only one survey, I think it is notable in that it seems to belie many other economic statistics that have been used to support the widely-held theory that we are in an economic recovery.

This survey seems to support other statistics that indicate that many people believe current economic conditions to be poor - if not very much so. However, at the same time, some economic conditions surveys (and various economic indicators) show expectations for a strong economy in the future. One example of this was noted in my January 4 post.

In my opinion, this large dichotomy can not, and will not, last.

SPX at 1108 as this post is written

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