Posts Tagged ‘Small-business owners’

What Do They Know, Anyway?

What Do They Know, Anyway?

Courtesy of Michael Panzner of Financial Armageddon

SKEPTIC Pictures, Images and Photos

Despite the cornucopia of costly bailouts, the billions in borrowed money being scattered about like candy, the quick fixes like cash-for-clunkers, the junk-led surge in stocks and the accompanying euphoria on Wall Street, the distorted data points, and the relentless spin coming from the powers that be, most Americans simply aren’t buying the so-called recovery story.

Is it because they are not paying attention? Or is it because the "little people" — as the now departed Manhattan hotelier and real-estate magnate Leona Helmsley once referred to average Joes — have their eyes wide open to the disturbing reality that still surrounds us? You know my answer, of course.

Regardless, The Dallas Morning News reports on the latest group of genuinely hard-working Americans to make their less-than-upbeat feelings known in "Survey: Most Small Business Owners Say Recession Isn’t Over For Them":

Most small business owners remain cautious in their economic outlook, with more than two-thirds saying the recession is not over for them, according to this month’s Discover Small Business Watch index released on Monday.

In addition, more than half of owners rate the economy as poor, up from 48 percent in August. Only 10 percent said it’s excellent or good.

That’s a change after three consecutive months of gains. The index fell 2.1 points to 87.7 in September from August. The latest Discover index is based on a random telephone survey of 750 U.S. small business owners who have less than five employees and 3,000 consumers.

Ryan Scully, director of Discover’s business credit card, called it more of a pause than a reversal of recent trends. Many people “are eager for a definitive signal that the economy is on the mend, but America’s small business owners aren’t sending that message yet,” he said.

The outlook for the rest of the year isn’t much better. Nearly half of small business owners expect the fourth quarter to be worse than a year earlier, according to the index. Thirty percent expect no change and 21 percent expecting a year-over-year improvement.

Small businesses still struggle to control operating costs. The report shows that half of small business owners say they plan to cut spending on business development, such as advertising, inventory and capital expenditures,…
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Economic No Spin Zone

Economic No Spin Zone

Courtesy of Michael Panzner at Financial Armageddon

According to the experts, things are looking up. Central bankers have expressed "growing confidence…that the worst of the financial crisis [is] over and that a global economic recovery [is] beginning to take shape." A well known strategist asserts that the "recession is ending ‘right now.’" President Obama has said "the economy is ‘pointed in the right direction.’"

However, consumers aren’t so convinced. Homeowners and young job seekers aren’t buying it, either. Nor are those who battle it out each day on Main Street’s front lines, as the Charlotte Business Journal reveals in "Small-Business Owners’ Outlook Dims":

Small-business owners aren’t convinced the recession is ending and their outlooks darkened in July, according to a monthly survey conducted by the National Federation of Independent Business.

NFIB’s index of small-business indicators fell 1.3 points last month to 86.5, the second consecutive monthly decline. The biggest reason was a drop in the number of small-business owners who expect the economy to improve in the next six months.

“The recession is wearing Main Street folks down,” says Bill Dunkelberg, NFIB chief economist. “And unfortunately, lawmakers in Washington are doing more to scare small-business owners than to reassure them of an economic recovery.”

Small-business owners are worried about higher taxes and proposed mandates to provide health insurance, Dunkelberg says. Taxes were cited as the No. 1 business problem by 22 percent of the small-business owners surveyed.

A bigger problem, cited by 32 percent, was poor sales.

Hmmm, I wonder which group -- those who are supposedly in the know or those who are struggling to get by -- is living in the economic no-spin zone?


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Trump, Saudi Arabia and yet another arms deal

 

Trump, Saudi Arabia and yet another arms deal

Courtesy of Russell E. LucasMichigan State University

The Saudi king presents Trump with The Collar of Abdulaziz Al Saud medal on May 20, 2017. AP Photo/Evan Vucci

The first stop on Donald Trump’s first trip as U.S. president was to Saudi Arabia.

That was no accident.

His decision was surely based on the fact that the alliance between Saudi Arabia and the United States is one of the foundations of American foreign policy in the Middle East.

While Trump was there, Saudi King Salman awarded him the kingdom’s highest civilian honor. Trump came bearing gifts of his own i...



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Zero Hedge

Shaping The Future: Moscow And Beijing's Multipolar World Order

Courtesy of ZeroHedge. View original post here.

Authored by Federico Pieraccini via The Stratgic Culture Foundation,

Once in a while, think tanks such as the Brookings Institute are able to deal with highly strategic and current issues. Often, the conferences held by such organizations are based on false pretences and copious banality, the sole intention being to undermine and downplay the efforts of strategic opponents of the US. Recently, the Brookings Institute's International Strategy and Strateg...



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ValueWalk

North Korea Puts Strain On U.S.-South Korea Ties

By insidesources. Originally published at ValueWalk.

SEOUL — Hope for South Korea’s liberal President Moon Jae-in “engaging” the North in dialogue is in danger of running afoul of North Korean leader Kim Jong-un’s refusal to stop developing missiles capable of carrying a nuclear warhead to the United States. With a mere 41 percent of the votes in this month’s presidential election, Moon has no mandate to jettison the pro-American policies of Korean presidents since the founding of the Republic of Korea under Syngman Rhee in 1948.

Public_Domain_Photography / Pixabay

Kim Jong-un, overseeing two missile tests since Moon’s...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Producers Set to Extend Cuts as Rally Stalls: OPEC Reality Check (Bloomberg)

Reeling from the worst oil-market rout in a generation, producers controlling about 60 percent of the world’s supply came together last year determined to put an end to the global glut. 

OPEC's Worst Cheater Will Get Harder to Ignore as Curbs ...



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OpTrader

Swing trading portfolio - week of May 22nd, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Chart School

Relief Rally Approaches Resistance

Courtesy of Declan.

Wednesday's gap created a significant reversal, stalling the mini-rallies kicked off in April. Thursday and Friday generated some come back against last week's loss, bringing many of the markets back to the highs of the gap down.

The S&P is in a position where shorts may look to attack the gap. Friday's spike high put itself inside the gap, recovering the 50-day MA in the process. This gain was supported by a 'buy' trigger in On-Balance-Volume. While shorts might have the better risk:reward option, a move above 2,389 opens up for a retest of 2,405.

...

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Digital Currencies

Bitcoin Soars Above $2000 For First Time Ever

Courtesy of Zero Hedge

Bitcoin is now up over 100% in 2017, amid global political uncertainty and increased interest in Asia, suddenly spiking above $2000 this afternoon for the first time ever...

That is a year-over-year gain of more than 350%. The move comes, as CoinDesk notes, amid a broader boost in the cryptocurrency market, which broke the $60bn barrier today. The increase has taken place amid strong surges from Ripple's XRP, which seeks to lower costs in enterprise cross-border payments, and ethereum's ether token, a cryptographic asse...



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Biotech

Beyond just promise, CRISPR is delivering in the lab today

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

Beyond just promise, CRISPR is delivering in the lab today

Courtesy of Ian HaydonUniversity of Washington

Precision editing DNA allows for some amazing applications. Ian Haydon, CC BY-ND

There’s a revolution happening in biology, and its name is CRISPR.

CRISPR (pronounced “crisper”) is a powerful technique for editing DNA. It has received an enormous amount of attention in the scientific and popular press, largely based on the promise of what this powerful gene e...



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Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.

CLICK ON CHART TO ENLARGE

EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ b...



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Mapping The Market

Bombing - Right or Wrong?

Courtesy of Jean-Luc

I am telling you Angel – makes no sense… BTW:

Republicans Love Bombing, But Only When a Republican Does It

By Kevin Drum, Mother Jones

A few days ago I noted that Republican views of the economy changed dramatically when Donald Trump was elected, but Democratic views stayed pretty stable. Apparently Republicans view the economy through a partisan lens but Democrats don't.

Are there other examples of this? Yes indeed. Jeff Stein points to polling data about air strikes against Syria:

Democr...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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