Tuesday, April 13, 2010

The Recovery That Isn't...

The National Federation of Independent Business posted its Small Business Optimism Index today and it wasn't pretty:
The National Federation of Independent Business Index of Small Business Optimism lost 1.2 points in March, falling to 86.8. The persistence of index readings below 90 is unprecedented in survey history...“The March reading is very low and headed in the wrong direction,” said Bill Dunkelberg, NFIB chief economist. “Something isn’t sitting well with small business owners. Poor sales and uncertainty continue to overwhelm any other good news about the economy”...The index has posted 18 consecutive monthly readings below 90. In March, nine of the 10 Index components fell or were unchanged from February’s not-so-great readings.
Here's the link:  NFIB Index.

Please note that small business is the backbone and muscle of jobs creation in this country. In fact, given the data being reported from the field, one has to wonder how in the hell the Government can keep painting the non-farm payroll report every month with 10's of thousand of job additions from the birth/death model, which calculates the addition and deletion of jobs based on assumptions about new businesses created and dying every month. Sounds more like one Grimm's Fairy Tales.

This chart should lay to rest any belief in the Government's ability to create credible data:

(click on chart to enlarge)


  1. http://www.zerohedge.com/article/exclusive-second-whistleblower-emerges-deep-insiders-walkthru-silver-market-manipulation

  2. Thanks for the link. Isn't incredible how that manipulation of the markets was going on that far back and they STILL do nothing to stop it?