American Express OPEN just released their latest Economic Pulse survey of small business owners.
This survey was conducted 1/28/10 to 2/1/10.
Overall, 68% of small business owners surveyed say the economy stresses them out (on par with January 2009 results). 38% say their greatest concern is a prolonged recession/"double dip" and 32% list high unemployment.
They are right worry about both of these problems, but they also better start paying attention additional problems that are likely to raise their ugly heads very soon. I have been beating the drum about inflation and interest rate spikes for some time. Now I am beginning to hear bankers start to quietly warn their clients about a sharp increase in prime rates. I have heard estimates of between 3 to 8 basis point increases by the end of 2011.
To read the full, original article click on this link: Entrepreneurs worried about the economy / The Christian Science Monitor - CSMonitor.com
Author: Jeff Cornwall