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Old January 10th, 2017, 01:40 PM   #1
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U.S. Small-Business Optimism Index Surges by Most Since 1980

U.S. Small-Business Optimism Index Surges by Most Since 1980


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Optimism among America’s small businesses soared in December by the most since 1980 as expectations about the economy’s prospects improved dramatically in the aftermath of the presidential election.

The National Federation of Independent Business’s index jumped 7.4 points last month to 105.8, the highest since the end of 2004, from 98.4. While seven of the 10 components increased in December, 73 percent of the monthly advance was due to more upbeat views about the outlook for sales and the economy, the Washington-based group said.

The share of business owners who say now is a good time to expand is three times the average of the current expansion, according to the NFIB’s data. More companies also said they plan to increase investment and keep hiring, which reflects optimism surrounding President-elect Donald Trump’s plans of spurring the economy through deregulation, tax reform and infrastructure spending.

“Rising confidence adds to the economy’s upward momentum,” Jim O’Sullivan, chief U.S. economist at High Frequency Economics in Valhalla, New York, said in a note. At the same time, the “NFIB membership appears to be disproportionately Republican, so it is possible that the data will start overstating strength, opposite the pattern during the Obama administration.”

The NFIB report was based on a survey of 619 small-business owners through Dec. 28. Small companies represent more than 99 percent of all U.S employers, according to the U.S. Small Business Administration. A small business is defined as an independent enterprise with no more than 500 employees.

Fifty percent of respondents, the biggest share since March 2002, said they expect better business conditions in the next six months. That was 38 percentage points higher than in November. The net share of firms projecting higher sales jumped by 20 points to 31 percent. Some 29 percent say they will boost capital outlays within six months.

“We haven’t seen numbers like this in a long time,” Juanita Duggan, president and chief executive of the NFIB, said in a statement. “Small business is ready for a breakout, and that can only mean very good things for the U.S. economy. Business owners are feeling better about taking risks and making investments.”


https://www.bloomberg.com/news/artic...ost-since-1980




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Old January 10th, 2017, 01:44 PM   #2
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Good to see the results of the Obama economy spreading. Too bad it will soon be reversed.
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Old January 10th, 2017, 01:50 PM   #3
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Trolling Canadian Strikes Again. Sad case of 'TDS since 2015'.

Need I point out the last time it surged like this was after the 1980 elections?

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Optimism among America’s small businesses soared in December by the most since 1980 as expectations about the economy’s prospects improved dramatically in the aftermath of the presidential election.

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Old January 10th, 2017, 01:56 PM   #4
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Obama economy....bullshit!!....I know a lot of small business owners (I am one too)...I have suppliers and I belong to the Chamber of Commerce Lehigh Valley....The story was all the same...These small companies were not hiring because of Obamacare and regulations....They were waiting to see who won the election....If Trump won, most of these people were planing on expanding again....And it is one of the few "predictions" about Trump that will come true..

You Leftroids were telling us Trump was going to lose...we said "wait, you'll be suicidal after Nov. 9th"....and now the sore losers are butt sore.....What are you going to be saying a year from now when the economy is booming again.??
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Old January 10th, 2017, 03:20 PM   #5
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Originally Posted by Jimgorn View Post
Obama economy....bullshit!!....I know a lot of small business owners (I am one too)...I have suppliers and I belong to the Chamber of Commerce Lehigh Valley....The story was all the same...These small companies were not hiring because of Obamacare and regulations....They were waiting to see who won the election....If Trump won, most of these people were planing on expanding again....And it is one of the few "predictions" about Trump that will come true..

You Leftroids were telling us Trump was going to lose...we said "wait, you'll be suicidal after Nov. 9th"....and now the sore losers are butt sore.....What are you going to be saying a year from now when the economy is booming again.??

due to Obamacare it makes more sense for a small business to rebrand than expand. Hopefully that will soon be in the past and I think that is what many people are banking on. I have no idea why the progressives hate the small business owners and entrepreneurs but they do. Maybe it is jealously.
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Old January 10th, 2017, 04:27 PM   #6
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I have no idea why the progressives hate the small business owners and entrepreneurs but they do. Maybe it is jealously.
They hate them because it is harder to control them.....In the Proggie world, big Government has to control everything from cradle to grave.....That takes money, and lots of it.....It is easier for the Government (IRS) to account for the jobs and the payroll taxes they create when people work for the mega Corporations than it is for the IRS to watch the Mom and Pop enterprises.....
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Old January 10th, 2017, 04:57 PM   #7
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They hate them because it is harder to control them.....In the Proggie world, big Government has to control everything from cradle to grave.....That takes money, and lots of it.....It is easier for the Government (IRS) to account for the jobs and the payroll taxes they create when people work for the mega Corporations than it is for the IRS to watch the Mom and Pop enterprises.....
Fair enough.
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