First on the systemic level pollins 2008 advances

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Unformatted text preview: also worked as an investment banker and a consultant, 8-31, http://www.theatlantic.com/business/archive/2010/08/consumer-confidence-improves-modestly-in-august/62303/) The Conference Board's other sentiment-related indicators shed a little light onto the change in confidence . Americans actually felt their present situation was worse in August, with that index declining to 24.9 from 26.4 last month. Yet they're more optimistic about the future, with the Expectations Index increasing moderately to 72.5 from 67.5 in July. So even though Americans felt their economic situation was worse in August, they expect it to get better. It's hard to overstate how important consumer sentiment is right now. It's arguably the factor most central to the recovery. Once Americans begin broadly feeling better about the economy, their demand for products and services will increase. That will cause firms to begin hiring again, pushing down the jobless rate. Economic decline causes great power wars—multiple studies Royal, Di...
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This note was uploaded on 11/30/2013 for the course PHILOSOPHY 303m taught by Professor Tye during the Fall '12 term at University of Texas at Austin.

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