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Warren Buffett's Economic Optimism Spreads to Main Street, But Not Beyond

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The problem with wearing glasses is what's not quite visible around the edges: What you can't see can still hurt.

That's much the same issue America's small and mid-sized business executives have with the economy, according to a JPMorgan Chase (JPM - Get Report) survey released today: 69% and 70%, respectively, have a positive outlook for their own companies over the next 12 months.

The broader their perspective, however, the more pessimistic they become. Only 39% of middle-market executives and 43% of small business operators shared the positive outlook for the U.S. economy that billionaire investor Warren Buffett described a month ago. Globally, they were even more dour: 10% and 27%, respectively, indicated optimistic views.

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