Between inflation underneath Biden and The Fed’s counterattack to get inflation to 2%, I name this the Biden Blitz.
In contrast to what the elites in Washington DC suppose, small enterprise are the cornerstone of the US financial system. Sadly, small enterprise optimism is getting crushed and simply fell in March to a stage decrease than that discovered throughout the Covid financial shutdowns of 2020. HOW is it doable for small companies to be even much less optimistic than it was in April 2002, the nadir of the Covid financial shutdown?
Small enterprise optimism soared in November 2016 after the election of Donald Trump and remained excessive (above 100) till Covid struck in March 2020. Small enterprise optimism rose above 100 once more with the huge cash printing by The Fed (inexperienced line) and Federal spending spree. However as M2 Cash progress slowed, small enterprise optimism hasn’t been above 100 since August 2021. It has been all downhill since then as The Fed began to lift The Fed Funds Goal Price fairly quickly.
NFIB small enterprise credit score circumstances are damaging at -9.0 and sinking like The Titanic.
Biden is the face of huge enterprise (huge banks, huge pharma, huge tech, huge protection, huge labor unions, huge media, and many others.). Biden simply advised Al Roker that he’s certainly operating for reelection, supported by …. huge banks, huge pharma, huge tech, huge protection, huge labor unions, huge media, and many others.
Biden is now not a President, however an old-time preacher screaming about MAGA Republicans as in the event that they have been demons. That is referred to as Blitzkrieg Biden.