In the latest iteration of a quarterly poll, Wells Fargo had Gallup ask 603 small business owners, how’s business? The percentage saying “very good” or “somewhat good” is at 73%; since Trump’s inauguration, that positive combo has been in the 70s, higher than at any point in the Obama Presidency.
Confidence in the next twelve months is also at a local max, with 81% of small business owners saying their financial situation will be “very good” or “somewhat good” a year from now. The last time year-out optimism was that high was 2007, when confidence peaked at 82% in Q3. The Great Recession hit three months later.
Oh well—I guess you can’t survive in business if you’re not an optimist.
Cory,
Have you seen the latest corn and soybean futures?
As for 2008,
That was due to housing. Would you like to discuss what lead to that?
Income tax cuts mean more money to spend unless you don’t pay income taxes.
Indeed, take a look at the Dow as well. The incredible up and down to remain in negative territory, speaks 2007. The gains made in the 401 will soon evaporate into the familiar 201 territory that drained so much from pension investors. The safeguards that caused the 2007 meltdown, have been removed so that it is full sail ahead to ready for the next bailout.
The difference here is that the meltdown is coming quicker than under George W. Bush because those wars are still going on. There are not so many bankers on Wall Street now as they have been joined at the hip with the even larger ones to make the too big to fall, an even larger collapse.
Everything is in place, what country are we gonna start bombing soon. North Korea is too damn cold, so that means the Persia! Yep, another sandbox war, and why not, we are on both sides so just as well be bogged down even further. The farther you are a way from America, the less the citizens know.
Larry Kudlow would be so proud.
Jerry
Do you know if China has quit buying soybeans from the U.S? If so, who are they buying from?
Roger, “They’re buying beans in Canada, in Brazil, mostly Brazil, but very deliberately not buying anything from the U.S.” Also, “China canceled a net 62,690 metric tons of U.S. soybean purchases in the two weeks ended April 19, the Bloomberg article pointed out, citing USDA data for the current marketing year.”
So there ya go. All China has to do is declare trump a saint and more importantly, nominate him for the Nobel in Peace, Literature and in Science. That should do it to end all this crap of trade war bs. Oh, and nominate trump a Nobel for being a mainly man, even more mainly than his man love, Putin. trump wakes every morning, after working out his tweeter, and thinks of the Red Wave with the rest of the Putin/Republicans, then breaks into the Lenin song and dance routine with Rudy G.