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-- let's talk about our small businesses small business -- -- ticked up last month the highest level in six months.
This according to latest survey by the NF IP but it's economist build on -- -- says.
Go easy there's small business owners are still holding back on spending and hiring he joins us now.
He's -- -- to seal let's talk positives first though.
They actually think -- -- it business conditions are gonna get better over the next six months how com.
I have -- you're right they do.
-- the question is you know why do -- -- Or at least less worse than him but we do the question we asked is do you think this is -- better or worse than they are today six months out.
And so you are number this month -- minus fifteen meaning -- percentage points more say words.
-- -- -- now that's an improvement of thirteen points over last month and a huge improvement of 35 points.
Over December's minus fifty reading well obviously -- think there are a lot of things they can go wrong.
And that -- and find the economy a little bit confusing and here you are would.
Record profits corporate profits record stock market and yet GDP real GDP the measure of the things we actually produce and sell.
Grew one and a half percent over the last six months so that's a contradiction.
We know is gonna resolve itself we're just not sure how -- -- pretty scary.
Yeah I guess -- conundrum for these little guys although.
Maybe what they're saying -- you just can't get worse it's got to get better.
Well you know I think that -- at least to the high into the recession readings the index.
Came -- had 92 point one than the average in this expansion since middle of 2009.
Is 91 so we're 000 point or so over that.
But still very very low number so I -- a major improvements and things like hiring plans were up six points.
-- -- six points from zeros those that's the low end number ten.
We have a net 0% who plan to order any inventories that's not very helpful for the big firms -- are making stuff when.
Mean that's the problem that we have we had.
It's hard up and the only red arrow down -- capital spending they still don't want to put their money out there do that.
Right only 4% said now's a good time to expand the average before this recession -- this this cycle.
Was about seventeen percentage points who always said.
Now's a good time to expand my business so.
They just don't think the customers you have the cubs -- the not -- buy inventory they're not gonna hire workers.
They're not going to expand their business none of the things we need them to do they're gonna do right now.
And yet for some reason their positive about -- business conditions over the next six months it confounds me.
The other thing that you mentioned though was obamacare so we have basically full time employees that are gonna end up -- time right.
Well that's one of the uncertainties they face -- courses they're not sure what the reality of of the health care acted.
The law's going to be for them so well one -- some of the things were got a getting anecdotally.
Part of that -- and sort of using one full time worker when he -- to part time workers that's very inefficient.
But it but the incentive that the health care bill gives them or they'll tell law just to do that so.
They're just good paying attention to the prices the government sets and even if it makes them do something that doesn't make sense from the economy's point of view.
They'll do it because it's correct for their bottom line which is that what they have to look out for.
Yes overall it just not I mean it may be the numbers ticked up but it doesn't sound like the optimism as there for the future build -- -- with NFIB.
We'll talk again next months -- A --
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