Pent Up Demand and The Upcoming Roaring '20s

[Rajoo]

There is a lot of confidence in the economy under President Biden, even the Feds predicting an economic boom and interest rates promised/projected to be kept low at least till 2022. This has given small companies like ours the incentive to invest significant amounts of money on capital equipment and even some of the major equipment vendors are helping to arrange financing or self financing at very favorable rates. Nothing is promised but the outlook is very good and besides, the high rate of vaccination in California is a confidence booster.

[Chicks]

The American economy is booming, and so is business optimism

https://finance.yahoo.com/news/busin...100020451.html

What a difference an election makes!

Published on Monday, JPMorgan Chase’s 2021 Business Leaders Outlook survey revealed that 88% of business leaders surveyed by the bank are optimistic about their firm's prospects over the next six months, the most on record for the 11-year-old survey.

"After enduring the challenges of the last year and a half, businesses are feeling overwhelmingly positive about what's ahead,” said Jim Glassman, head economist at JPMorgan Chase commercial banking. The survey covered 1,375 business leaders from middle-market companies, or those with annual revenues between $20 million-$500 million.

The bank's survey also shows that three-quarters of respondents are optimistic about both the national and their local economies, up 40 percentage points from last year.

Meanwhile, last week the National Federation of Independent Business (NFIB) published its small business optimism index for the month of June, which topped Wall Street expectations and moved above 100 for the first time since November. The report also showed 15% of respondents felt the next three months are a good time to expand — the highest percentage since February 2020.

[Chicks]

U.S. weekly jobless claims hit 17-month low; unemployment rolls shrink

https://www.fidelity.com/news/articl...2FK1AC-OUSBS_1

Yep, Uncle Joe's a soci@list, fer sure!

[Chicks]

October jobs report: Payrolls grew by 531,000 as unemployment rate fell to 4.6%

https://finance.yahoo.com/news/octob...180531280.html

Huh. So Donny was lying!?

[Chicks]

Weekly jobless claims total 199,000, reaching the lowest since 1969

https://finance.yahoo.com/news/weekl...175525622.html

Meanwhile, the population has grown substantially, so this is even more impressive. Thanks, Joe!

I've been retired for a couple of years, but the demand for workers is so great, I'm being actively recruited to consult. Don't need the money, but who knows?

[Chicks]

U.S. trade deficit shrinks as exports surge to record high

https://finance.yahoo.com/news/u-tra...153054133.html

WASHINGTON (Reuters) - The U.S. trade deficit narrowed sharply in October as exports soared to a record high, potentially setting up trade to contribute to economic growth this quarter for the first time in more than a year.

The Commerce Department said on Tuesday that the trade gap plunged 17.6% to $67.1 billion. That was the biggest percentage decline since April 2015.

Dang commie Biden regime!

[bobabode]

https://www.rawstory.com/joe-biden-economy-2656076844/

The Biden Economy.

[Chicks]

Video Compilation of Fox's Dire Job Projections Goes Viral After Monster Jobs Report Released

https://secondnexus.com/fox-jobs-report-bracing-january

Ah, Faux "News". Misinforming millions daily.

[nailer]

Lest we forget, the original Roaring Twenties gave us the Great Depression.

The post Covid boom is putting inflationary pressures on the economy that have been held in check this century. The Fed is raising interest rates which will push prices higher and significantly increase our debt interest payments.