Fiscal Cliff Sentiment Chart – Interesting…
January 15, 2013 12:30 pm
A interesting chart from Bloomberg that tracks the sentiments of influential government and business leaders about the likelihood of achieving a deal to increase the federal debt ceiling. The monitor scores public comments of administration officials, congressional Democrats and Republicans, and business leaders. Every public comment on the debt ceiling reported by Bloomberg News and Bloomberg First Word is scored on a scale of -2 (very pessimistic) to +2 (very optimistic); each is included in a daily moving average of the past four comments for each category of power broker.
(Click to enlarge to see the big picture)
Note that the Republicans lost their optimism right after they “lost” their initial battle. At the same time, the Democratic sentiment vaulted higher. It appears that the Administration has been much more optimistic than wither part in Congress. Overall an interesting piece of information here, but not sure what to make of it otherwise.