Optimism on economy, stocks surges since Trump election: CNBC survey, by Steve Liesman.

The election of Donald Trump has brought with it a surge in optimism in the United States over the economy and stocks not seen in years.

The CNBC All-America Economic Survey for the fourth quarter found that the percentage of Americans who believe the economy will get better in the next year jumped an unprecedented 17 points to 42 percent, compared with before the election. It’s the highest level since President Barack Obama was first elected in 2008.

The global elite assured us Britain would crash and burn financially if they voted for Brexit, and the US markets would go belly-up if Trump was elected. Here is Paul Krugman, in the NY Times immediately after the election:

It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?

Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.

Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never. …

We are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.

They were wrong, and presumably either clueless or mendacious.