Small business optimism stagnates
Small business optimism has risen for five straight months, but owners are no happier now than they were a year ago. Bill Dunkelberg, the chief economist at the National Federation of Independent Business, explains.
interest rates found at 2:21, 5:44
American -- about inflation won't -- a lot of pressure. That side interest rates very low. We really haven't seen a change in the average rate paid on our loans in years. So the Fed keeping
literally willing to bet on the future there's so much uncertainty about. Labor cost tax rates. What's gonna happen to the health care bill etc. etc. And of course you know with the political lay of the land is gonna look like. The question is of course. And we now have what seventeen trillion in debt fifteen trillion in GDP so we're now looking more more like. The European countries with -- debt to GDP ratios. Above 100%. Right now because -- an incident very very low interest rates were cut of the safest game mentality even if we have some problems. But I do remember in the early eighties we were issuing ten year treasuries with 17% coupons. So if you thought our interest rates might get high again because we were not looking so good to the rest of the world. While you know the interest costs. It's going to -- immensely so I think people worry about that. And of course week where a million housing starts short and our GDP and everything that we're producing as much GDP as we did at the peak -- and it's very different composition -- missy -- 1001000 sorts. At a million construction loans etc. We've replaced it with -- output from caterpillar you know manufacturing output and exports -- that's great news there's nothing wrong with that. But the problem is that. Housing is very labor intensive and
