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US confidence has boomed; the economy, not really

When confidence rises suddenly, the move will predict a shift in economic performance only if something happens to the fundamentals to justify it
Wednesday, July 5, 2017 - 05:50

AFTER Donald Trump won the presidential election, Americans' optimism about the economic future soared. But midway through the year, that optimism has not translated into concrete economic gains.

This seeming contradiction exposes a reality about the role of psychology in economics - or

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