Economic Confidence Hits Four-Year High of ... Negative-16!

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Happy-ish news: Gallup's Economic Confidence Index broke through the glass ceiling of negative-17 for the first time in its four-year history of daily tracking.

The index can go as high as 100, if all respondents say the economy is strong and improving, or as low as negative-100, if everybody says things are bad and getting worse. Its lowest-ever score was 65 below zero, back in late 2008. Its highest ever came this this morning.

Today, 52% of Americans think things are getting worse, and only 15% describe conditions as "excellent" or "good." Ladies and gentlemen: all-time record economic optimism.

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Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

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