Column: Reversal of fortune, after 76 months

Since the Great Recession officially ended in the summer of 2009, consumers have generally doubted that the economy really has gotten better. But in its new report, the Conference Board says that in June more people believed that business was good than thought it was bad — the first time that has happened in 76 consecutive months. The margin — 23 percent to 22.8 percent — was tiny and could be reversed when the final June figure is released in a month. But there had been no such reading since January 2008, when the recession was just beginning. Since 1967, when the Conference Board started asking the question, the longest previous periods of continued negative consensus were 44 months in the early 1980s and 46 months in the early 1990s.

Floyd Norris, New York Times

Column: Reversal of fortune, after 76 months 06/30/14 [Last modified: Tuesday, July 1, 2014 1:20pm]

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