#MacroView
#NFIB data says we are only in a #recovery, not an #economic expansion.
While the NFIB data doesn't get much #media attention, it should as it tells you much about what is really happening in the #economy.
realinvestmentadvice.com/macroview-nfib…
Reason I pay attention to #NFIB
Sept 2019 - Data rings alarm bells on #recession.
April 2020 - Data says recession arrived.
May 2020 - Data says #economic recovery not as strong as media suggests.
realinvestmentadvice.com/macroview-nfib…
If businesses were expecting a massive surge in “#pentup” #demand, they would prepare for it. Such includes #planning to increase #capex to meet expected demand. Unfortunately, those expectations peaked in 2018 and are dropping back to the March 2020 lows.
realinvestmentadvice.com/macroview-nfib…
When it comes to #headlines versus #reality there is a major difference between:
- Yes, I am thinking about hiring in the future, and
- Actually committing the #capital and #resources to do it if you aren't sure about future #demand.
#ProblemWithStimulus
realinvestmentadvice.com/macroview-nfib…
Small businesses are not concerned about #LaborCosts as much as #Biden hiking #taxes.
Higher taxes = less #profit = less #employment and #wage suppression.
realinvestmentadvice.com/macroview-nfib…
Despite the surge in #headlines #retailsales numbers, #smallbusiness aren't seeing it, nor are they expecting to as #stimulus evaporates.
realinvestmentadvice.com/macroview-nfib…
If you are betting on the #smallcap trade to continue on expectations of an #economicboom, you may want to reconsider.
realinvestmentadvice.com/macroview-nfib…
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