NFIB Small Business Optimism Fades; Outlook For Economy Plunges

Tuesday, July 8, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
07/08/2014

For a brief month of “we’ve been down so long, everything looks up”, the NFIB Small Business survey suggested the ‘recovery’ was real and so serial extrapolators (throwing out the ‘and small business is the engine of job growth’ meme) jumped on it as ‘proof’ that stocks are cheap and bonds should be sold… then comes June data today (and it’s a disaster). 6 of the NFIB’s 10 indicators decreased, with about half of the decline in the overall index due to less confidence in future business conditions, the report said, with only 2 indicators improving. CapEx dropped, Sales expectations dropped, ‘good time to expand’ dropped, actual sales dropped with only hiring plans rising (which seems odd in the face of all the negativity in the rest of the survey) – we will see.

The Rest…HERE

Comments are closed.

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter