U.S. Economy: Confidence Rises as Outlook Brightens

Well, what do you know? Some good news for 2010, perhaps?

It seems that the outlook people have for our economy is looking up as "home prices climbed in October for a fifth consecutive month." With companies, retailers and the like becoming more "aggressive" in order to sell more during the holiday season, it's no surprise that we saw many stores and restaurants open during Thanksgiving and Christmas Day.

And yet, still, Michael Moran, chief economist at Daiwa Securities America Inc. in New York says, "We’re going to need a more definitive improvement in the labor market before confidence improves more than it has." Even so, it seems that people are looking to 2010 as a better year.

Then again, after 2009, could anything be worse?
...forget I said that.

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-Annie Yang