Investing

Public Gains Confidence--Bloomberg

Douglas A. McIntyre

A new Bloomberg polls shows that the public has begun to gain confidence in the economy. The result is despite high gas prices, and unemployment levels. People also appear to be less concerned about the housing market, if the results are any indication.

According to Bloomberg:

More than twice as many Americans view the economy’s prospects as brightening as see them darkening, a reversal from nine months ago, when more people expected deterioration ahead, according to a Bloomberg National Poll conducted March 8-11.

The proof that the data is right will be available soon. Consumer confidence reports from the University of Michigan and the Conference Board are due before the end of the month. Same-store sales will be reported in early April, as will car sales for March. Whether any of the results for these will be dented by gas prices will be available soon enough