2024-04-26 03:50:00 ET
Summary
- The NFIB Small business Survey has consistently shown pessimistic expectations for sales, the economy and earnings, but the U.S. economy has performed well despite this pessimism.
- Adjusting sales for inflation is considered nonsensical, and mentions of 'inflation-adjusted revenues' are unlikely to appear in earnings reports.
- Small businesses have not fully participated in the post-COVID-19 recovery, and their potential involvement could be a significant economic catalyst.
By Samuel Rines
Ignoring data can be useful. Because not all data is, in fact, useful. As the number of datasets has proliferated, so too has the noise created by them. But there can also be signals buried in the noise, particularly when it comes to survey-based soft data ....
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Between The Lines