"We find little reason to change our opinion that the US faces a high risk of slipping back into recession. We cite continuing intractable unemployment, a long term poor housing market, low business confidence, unsustainable growth in sovereign debt, uncertain political and global leadership, and in the current headlines, debt problems in Europe as some of the key systemic problems impeding a recovery.
We note the political landscape is currently dominated by debate about “Jobs”. Politicians of both camps point to “small businesses” as the hope for job creation that will turn around the unemployment picture. We want to bring to everyone’s attention the results of two important surveys that were released recently. The first survey addresses the likelihood of small business hiring to improve the job situation in the US. The National Federation of Independent Business (NFIB) is essentially the voice of small businesses (the same entities that produce the new jobs that everyone is concerned about currently) and the headline this week states, “Small Business Confidence Takes Huge Hit in August.”
at http://pragcap.com/the-questionable-rally
We note the political landscape is currently dominated by debate about “Jobs”. Politicians of both camps point to “small businesses” as the hope for job creation that will turn around the unemployment picture. We want to bring to everyone’s attention the results of two important surveys that were released recently. The first survey addresses the likelihood of small business hiring to improve the job situation in the US. The National Federation of Independent Business (NFIB) is essentially the voice of small businesses (the same entities that produce the new jobs that everyone is concerned about currently) and the headline this week states, “Small Business Confidence Takes Huge Hit in August.”
at http://pragcap.com/the-questionable-rally
