United States GDP seems to indicate a good sign for the economy. For the Q3, they revised estimations of the GDP from +3.7% year growth predicted at Q2, to +3.9% predicted at Q3. It rose of 0.2 pts, basically. Premilinary purchasing managers' index for the services sector got 55.6 in September, compared to 56.1 in August. Above 50 it means expansion, meanwhile below 50 means contraction. Despite that, many economists still keep thinking that the economic growth of US will slow down anyway, despite these numbers. University of Michigan's reading on customer sentiment got down from 91.6 in august to 87.2, but it is still told it is higher than expecations. I still wonder why so many people still feels like the US is not in that good shape today, given it feels like growing. I can't say it will continue to grow forever, but I would say it is on a good path. What's your opinion?
We hear all these positive economic news but few people feel that change. Unemployment is still pretty high so despite all gains those who should benefit from an economy that's doing better don't. That's why I suppose most people still don't feel that the U.S economy is any better than it was, say, last year.
People, that's a thing, but here we talk about markets as well. Markets are scared these days and doesn't invest a lot as well, so it is not only a "feeling affair", investors are doing that as well. And the same repeat story we hear about the economy is given by market analysts. Not all of them, but some of them. It feels like the trend is still to the "bad", as I said of the beginning of the month, because this feeling doesn't leave since years in my opinion. Some even thinks another crisis will happen really soon meanwhile it feels the current one is not over, according to some other.
Well, the pay has never recovered from the recession so the average person sees no advantage. Produce more and get less in return...
