There’s a great Bloomberg survey of American voters on the economy out on Wednesday, with the results throwing up some striking stuff pre-FOMC.
Bloomberg’s reckons it’s all a deeply gloomy perspective on the recovery. More…
Bloomberg’s reckons it’s all a deeply gloomy perspective on the recovery. Forty-four per cent of Americans polled think they’re worse off under President Obama, fully half believe their children will be even worse-off:
Although it’s the American public’s predictions on joblessness that are really arresting. At first FT Alphaville thought it was mysteriously optimistic for a significant chunk of those polled to believe that unemployment will halve in around three to five years, given the above:
But well, hang on, if we count from 2007 then it actually looks like 70 per cent of Americans (a solid consensus) believe we’re well on course for a lost decade.
And finally, 1 in 5 Americans don’t think it will be too problematic if the US Government defaults on its obligations on its debt.
Only 1 in 5 think the removal of the world’s number one supplier of AAA-rated assets would be a catastrophe.
Well, what can we say?