The latest NFIB small business survey is out, and it shows a very small uptick in optimism.
But the head of the NFIB on CNBC sounds very gloomy. He notes that the optimism index is still below 90, signaling "recession, recession, recession" and that it basically comes down to this: small businesses aren't seeing sales.
It's as simple as that, really.
"There is no life in the job market."
He's also making some very interesting points about bank lending, and plans to cut taxes to small business. Basically he says it's pointless because the sales aren't there, so there's just no reason to invest in anything.
To read the full, original article click on this link: Small Businesses Are Seeing "Recession, Recession, Recession"
Author: Joe Weisenthal
