Perspective: most employees work for corporations worth hundreds of millions and a 500+ payroll. That said most new jobs are w/ small businesses because they're far more nimble.
Posted on 01/11/2017 3:21:12 AM PST by expat_panama
Small business owners' optimism soared in December to the highest level since 2004, the National Federation of Independent Business said Tuesday, as President-elect Trump unleashes "animal spirits" on Main Street, even as corporate titans such as General Motors (GM) and Ford (F) tread carefully with the president-elect.
NFIB's small business optimism index shot up 7.4 points to 105.8, the best reading since December 2004. It was the biggest monthly gain in decades. A net 50% of smaller firms see business conditions improving vs. 12% in November and -7% in October.
"We haven't seen numbers like this in a long time," said NFIB President and CEO Juanita Duggan. "Small business is ready for a breakout...
...Stock markets have taken off since Election Day — the Nasdaq hit a fresh high Tuesday...
...concerns on Wall Street about Trump's protectionist instincts and his zeal for praising or criticizing individual companies — and how they respond.
Trump last week criticized General Motors for selling Mexico-made Chevy Cruze cars in the U.S....
...the president-elect has been quick to take credit for any decisions that seem to show businesses following his lead.
Ford will still make small cars for U.S. export in Mexico, but from an existing plant...
...hiring plans remain lackluster. Job creation increased by 0.01 worker per firm in December and job openings dropped two points, NFIB said. It cited tight labor markets and a lack of qualified staff.
The National Association of Home Builders' Housing Market Index for December sprinted to its highest level since 2005, even with higher mortgage rates making housing less affordable for new buyers, creating a headwind for demand and prices.
The IBD/TIPP Economic Optimism Index leapt to a 10-year high in December, even with Democrats turning gloomy. The January IBD/TIPP Economic Optimism Index will be released on Wednesday.
(Excerpt) Read more at investors.com ...
Perspective: most employees work for corporations worth hundreds of millions and a 500+ payroll. That said most new jobs are w/ small businesses because they're far more nimble.
This is just my speculation, but I believe this is largely just pure relief at being rid of Obama who sees business as the root of all evil and government as the cure.
It’s not about specifics of tax reform or protectionism, it’s just, hooray, Trump is going to reverse the heavy hand of regulation that has been choking us.
“It’s not about specifics of tax reform...”
The hell you say! It is for me! I can save a ton (~30%) on taxes this year if Trump lowers the rates like he said.
It’s definitely part of it, but I think the instant euphoria was something else. Tax reform does not happen overnight, but rescinding executive orders can.
For later
The only reason the big-caps are onshoring again is because of the threat of an import tariff. I hope this onshoring mini trend is NOT just placation and is a real.
My doctor is “high as a kite” over the Trump election....very excited about the positive changes coming to the medical field (hopefully). He had previously threatened to retire but is now continuing his practice, thankfully.
No doubt, as you say, that his entire package/persona is uplifting. :-)
That’s what I would expect . . . I was stunned to learn that my GP was rooting for Hillary. Haven’t seen him for several months, so dunno how it’s shaking out with him. He looks way too young to be thinking of retiring, anyway.
Same way I felt when I found out our preacher (PCUSA) voted for Clinton. He seemed like a very conservative fellow...big supporter of the military, thought he was against accepting gays, etc.
Guess he fooled me.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.