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Small Business Optimism Index Plunges Below 90 As Fed Tightens Money With M2 Money Growth YoY Hitting 0% (Baltic Dry Index Continues Downward Descent)
Confounded Interest ^
| 01/10/2023
| Anthony B. Sanders
Posted on 01/10/2023 7:33:50 AM PST by Kaiser8408a
The NFIB Small Business Optimism Index is plunging and just fell below 90. The index was above 100 before the Wuhan virus outbreak in 2020, but has only been at 100 or above for only two months under Biden. And the trend is definitely looking bleak as The Federal Reserve fights inflation with M2 Money growth having collapsed to 0% YoY growth.
And the Baltic Dry shipping index is falling with M2 Money growth YoY.
I wonder what Fed Chair Jerome Powell is thinking?
(Excerpt) Read more at confoundedinterest.net ...
TOPICS: Business/Economy
KEYWORDS: biden; blogpimp; brownsultrafan; fed; inflation; optimism
Biden and Democrats HATE small businesses. Too bad too.
To: Kaiser8408a
So, inflation should be allowed to continue to rise?
2
posted on
01/10/2023 7:37:29 AM PST
by
SaxxonWoods
(The only way to secure your own future is to create it yourself.)
To: Kaiser8408a
COVID destroyed 30-40 percent of small biz.
3
posted on
01/10/2023 7:39:49 AM PST
by
fuente
(Liberty resides in three boxes: the ballot box, the jury box and the cartridge box--Fredrick Douglas)
To: Kaiser8408a
COVID destroyed 30-40 percent of small biz.
4
posted on
01/10/2023 7:40:00 AM PST
by
fuente
(Liberty resides in three boxes: the ballot box, the jury box and the cartridge box--Fredrick Douglas)
To: fuente
These businesses had comorbidities where the State was the virus that killed them by shutting down business.
5
posted on
01/10/2023 7:57:27 AM PST
by
frogjerk
(More people have died trusting the government than not trusting the government.)
To: Kaiser8408a
Hasn’t China reopened? One would think that that would increase the dry index, and also oil prices.
6
posted on
01/10/2023 8:17:16 AM PST
by
montag813
To: SaxxonWoods
No, I am happy M2 is growing at 0%
7
posted on
01/10/2023 8:49:49 AM PST
by
frogjerk
(More people have died trusting the government than not trusting the government.)
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