Dan Celia: Optimism Is Off the Charts
Optimistic Business Owners Are Focused on Significant Tax Relief, Moving Forward with Their Business Plans and Raising Compensation
December 10, 2019
PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia said this morning that as the new week progresses, “it’s been a very long time” since he’s been so optimistic about what is happening in the economy.
“The optimism index that came out Tuesday morning posted the highest month-over-month gains since May of 2018, rising 2.3 points to 104.7 for the month of November,” Celia said. “This is exceptional optimism. The reading was bolstered by 7 of the 10 components improving. Owners reported it is a good time to expand, increasing by 6%, and those expecting better business conditions increased 3 points. The NFIB uncertainty index fell 6 points. That may be one of the most important aspects, adding a four-point drop in a revised October number. It’s the lowest since May of 2018. This historical run defies expectations of many, but it is amazing as we continue to see small businesses thrive.
Celia continued, “NFIB chief economist William Dunkelberg says this: ‘Owners are aggressively moving forward with their business plans, proving that when they’re given relief from the government, they put their money where their mouth is, and they invest, hire and increase wages.’ Owners are most closely focused on issues that directly impact their business, including the real significant tax relief they were given two years ago, and they’re anxious to see this relief made permanent. By the way, 30% of small business owners reported raising compensation, and 26% planned to do so in the upcoming months. This is the highest level since December of 1989, and we owe it all to the Trump administration.”
Celia discusses these and other global and economic headlines on his daily, three-hour “Financial Issues” program, heard on more than 660 radio stations and several television networks nationwide.
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