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Beating Back Bad Economic News

One trait that separates the successful from the unsuccessful is the ability to look at change with an eye to opportunity, and Americans in general are good at this.
At the end of 2008, an international survey by the Worldwide Independent Network of Market Research studied the impact of the global financial crisis on 17 different countries.
The study revealed that Americans, despite the overwhelming tide of negative indicators, are among the most positive in the world when asked about their economic prospects, ranking well above Canada even though the Canadian economy is stronger right now.
The most pessimistic nations were Britain, France and Iceland.
Analysts generally agree that this U.S. optimism and can-do attitude (which leads to a willingness to invest and spend in hard times) will help turn the U.S. economy around, which will, in turn, affect economies throughout the rest of the world.
According to CIBC World Markets economist Meny Grauman, while the U.S. economy has never been in such rough shape in modern times, there has also never been such an unprecedented response from the U.S. government to deal with the crisis.
According to the National Association of Realtors® (NAR), there were 4.9 million homes sold ... more

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