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

[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?

[Kaiser8408a]

Biden and Democrats HATE small businesses. Too bad too.

[SaxxonWoods]

So, inflation should be allowed to continue to rise?

[fuente]

COVID destroyed 30-40 percent of small biz.

[fuente]

COVID destroyed 30-40 percent of small biz.

[frogjerk]

These businesses had comorbidities where the State was the virus that killed them by shutting down business.

[montag813]

Hasn’t China reopened? One would think that that would increase the dry index, and also oil prices.

[frogjerk]

No, I am happy M2 is growing at 0%