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We are in for a tough time for the next fee years if the chart below, showing a
big dive in economic development expectations, is any indication – and here is probably why that is the case. (Words: 200; Chart: 1)
So writes Monty Pelerin (www.economicnoise.com) in edited excerpts from his original article* entitled Things Are Getting Worse!.
Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!), may have further edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) the article below for the sake of clarity and brevity to ensure a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.
Pelerin goes on to write, in part:
H/T to Reader NII for sending this:
[Chart 3 below showing the % of companies expecting the economy to improve is] yet another reliable indicator suggesting QEs is not having any effect on Main Street….[although] the uncertainty of tax policies in 2013 may have had a over-sized impact on the expectations of small businesses as it is the small business sector of the economy that would be hurt the most by “tax loophole” closings.It may be that small businesses counted on a Romney win with a Republican control of the Senate and with that, no major changes in tax policies. Small business…[probably] thinks that Obama will get 90% of what he wants in the Fiscal Cliff/tax policy area [and that] some of those changed policies [would] hurt. Remember, small businesses accounted for over 60% new jobs over at least the past 3 decades.
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* http://www.economicnoise.com/2012/12/13/things-are-getting-worse/
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