“Positive Thinking” Won’t Create a Good Economy
In order to gain insight into the state of the economy, some analysts utilize consumer and business surveys. Randomly-selected consumers and businesspersons are asked to provide their views about the state of the economy. If a survey shows that the majority of those surveyed express optimism, it is regarded as good news for the economy. Conversely, if the majority of those surveyed are pessimistic, it is taken as a bad omen.