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NFIB Small Business Optimism Index increases to 88.8
IThe Index of Small Business Optimism gained 0.7 points in August, rising to 88.8. Most of the improvement was accounted for by gains in expected real sales and expectations for business conditions six months out, the two components that lowered the Index in July.
The Index has been below 93 every month since January 2008 (32 months), and below 90 for 25 of those months, all readings typical of a weak or recession-mired economy. Near the beginning of the recession in 2008, USA Inc. shareholders elected a new CEO and management team but unfortunately the change in leadership did nothing to curb the recession. In fact, the economy only got worse while new policytactics enacted by management made little sense in terms of dealing withthe main problems. Now, the shareholders are more than restless and unnerved by what they see coming out of Washington. New solutions to the problems continue to be announced, but confidence in management is very low and continues to decline. The next shareholder meeting many board members will be gone, replaced with a new set of ideas and focus.
Posted: September 14, 2010 Tuesday 07:30 AM