The NFIB has released its small business optimism index for May. While it is off slightly, the researchers at NFIB are not concerned that this is a change in direction for an index that has been fairly robust. Part of it is probably related to a little inflation jitters and some may just be the energy cost spike that acted like a splash of cold water.
The authors of this study are still seeing 2004 as the strongest economy in over two decades. This is bolstered by Greenspan, who is not overly worried about inflation (and that says a lot!), and the recent drop in energy prices due to expanded production in the Middle East. And just when the economy starts looking so strong, the media turns the other way as reported by Bill Hobbs….
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