Small Biz Confidence Hits All-Time Low, 77% Expect Inflation to Increase

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
108,362
63,137
1
Joe Biden did that!

The Fed disagrees, but Main Street says ‘the recession is already here.’​


https://www.cnbc.com/2022/08/03/mai...-all-time-low-on-worsening-sales-outlook.html

  • The CNBC/SurveyMonkey Small Business Confidence Index hit an all-time low in the third quarter 2022, with President Biden’s approval hitting an all-time low as well.
  • More than three-quarters (77%) of small business owners expect inflation to continue to rise and only about one-quarter (26%) have faith in Federal Reserve policy.
  • As the Fed hikes interest rates to cool demand in the economy, more than half of small business owners say the recession has already begun, and Main Street’s sales outlook took a big hit, the biggest contributor to the new all-time low in confidence.
 

bourbon n blues

Well-Known Member
Nov 20, 2019
24,707
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m.knox

Well-Known Member
Gold Member
Aug 20, 2003
108,362
63,137
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The dipshits on the left care more about their feelings than they do about Americans getting ahead.
 

KnightWhoSaysNit

Well-Known Member
Jul 19, 2010
9,456
10,115
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Uhm, let's see.

Constrain and/or shut down businesses while increasing the money supply by 40%.

Open the national border to drugs and illegals.

Attack police while freeing criminals.

Put weakness on display to encourage the world's tyrants.

Install puppets throughout government as to virtue signal.

What could go wrong?
 

Hotshoe

Well-Known Member
Feb 15, 2012
27,526
44,577
1
Uhm, let's see.

Constrain and/or shut down businesses while increasing the money supply by 40%.

Open the national border to drugs and illegals.

Attack police while freeing criminals.

Put weakness on display to encourage the world's tyrants.

Install puppets throughout government as to virtue signal.

What could go wrong?
Everything.
 

MaconNitt

Well-Known Member
Oct 18, 2016
2,738
3,181
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Did you actually read the links you posted or just the headlines?

Link 1 pops up with an alert saying the article is more than 2 years old. On February 27, 2020 I don't doubt small business was for Trump. That was before his handling of Covid.

Link 2 is more than 5 years old.

Link 3 is nearly 20 months old. You must have gone to the Knox school of logic. The "all time low" confidence index of 48 is one point lower (49) the previous quarter under Trump. Down from the "all time high" of 62 since 2017 when CNBC started the confidence. Using Knox logic confidence under Trump fell 13 points (62-49=13) while confidence under Biden fell 7 points (49-42***=7). Confidence fell nearly twice as much under Trump than Biden in a survey where approximately 60% of small business owners identify as republicans. But don't take my word for it, it is in the link you provided.


***

 

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
108,362
63,137
1
Did you actually read the links you posted or just the headlines?

Link 1 pops up with an alert saying the article is more than 2 years old. On February 27, 2020 I don't doubt small business was for Trump. That was before his handling of Covid.

Link 2 is more than 5 years old.

Link 3 is nearly 20 months old. You must have gone to the Knox school of logic. The "all time low" confidence index of 48 is one point lower (49) the previous quarter under Trump. Down from the "all time high" of 62 since 2017 when CNBC started the confidence. Using Knox logic confidence under Trump fell 13 points (62-49=13) while confidence under Biden fell 7 points (49-42***=7). Confidence fell nearly twice as much under Trump than Biden in a survey where approximately 60% of small business owners identify as republicans. But don't take my word for it, it is in the link you provided.


***


LOL... don't make excuses for lousy uninspiring policies from leftwingers.

Obama: Mean of 92.5

united-states-nfib-business-optimism-index.png


Trump: Mean of 104 WITH lockdowns included

united-states-nfib-business-optimism-index.png


Biden: Mean of 97 WITH the wind at his back from recovering from the lockdowns.........

united-states-nfib-business-optimism-index.png