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Insights from the National Federation of Independent Business (NFIB) Optimism Index in Its November Small Business Economic Trends Report
An accompanying press release stated:
"Overall, the small business job machine is still in reverse, due to continued declines in reported sales, rising labor costs, and a need to cut costs. Reported capital spending is at historic low levels, owners are still, on balance, reducing inventory stocks....so orders to wholesale and manufacturing firms for new inventory are weak. Price cutting is rampant (though slowing) which combined with lower real sales continues to produce record reports of earnings declines, one reason capital spending remains low....Events in Washington are not supportive of more optimism about the future - another reason not to spend or hire."
Martin Weiss Warns of "Massive Revolutionary Changes" Ahead
Financial expert and investor safety advocate Martin Weiss explains that the global economic crisis brought the entire financial industry to its knees and caused the largest firms in commercial, investment and consumer banking, brokerage, mortgage lending, and insurance to fail or come close.
"Think about that: The world's largest companies in every single sector of the financial industry. Failed. Bankrupt."
Now we're led to believe:
"Suddenly and miraculously, the same economists who (said the) crisis could never happen are now (saying it's over.) And the same government officials who scoffed at the notion of giant financial failures are claiming they have the (right) solution" to fix everything.
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