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NFIB Small Business Optimism Exceeds Forecasts

TedTed
in Off-Topic
FYI: This morning's release of the NFIB's Small Business Optimism Index for August showed a modest increase from July (96.1 from 95.7) and just barely exceeded the consensus forecast of 96.0. What makes August's reading notable is that for just the second time since the last recession, the headline index rose above its average monthly reading since 2000 (96.03). Given that, there is still a lot of room on the upside for this index before we can say small businesses are overly optimistic.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/9/9/nfib-small-business-optimism-exceeds-forecasts.html?printerFriendly=true

Comments

  • heezsafe
    In a report that was just released entitled "Changes in U.S. Family Finances from 2010 to 2013: Evidence from the Survey of Consumer Finances", the Federal Reserve revealed that small business ownership in America "fell substantially" between 2010 and 2013. In the midst of this so-called "economic recovery", small business ownership in America has now fallen to an all-time low. The proportion of U.S. families that have an ownership interest in a small business fell from 13.3 percent in 2010 to a low of 11.7 percent in 2013.

    I think the NFIB needs to back off the hookah.

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