Billionaire John Paul DeJoria, the co-founder of John Paul Mitchell hair products and Patron Spirits, has his ear to the floor when it comes to consumer health. 'The economy is not only coming back, it's really coming back,' DeJoria said, adding that more people are coming to hair salons and Patron sales have been growing as consumers increasingly want to treat themselves. He thinks the economy will remain strong for at least the next year and that the upcoming presidential election adds uncertainty over how the economy will look next year. TheStreet's Scott Gamm reports from Wall Street.

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