“It’s Not Showing In The Data”: Small Business Lending Plunges Despite Trump Bombast

How about a quick compare and contrast exercise on a “Trump”ed-up Friday morning?

That sounds like fun, right?

Ok, so… compare and contrast…

When rhetoric meets soft data meets a President citing a source that he constantly maligns as “fake news”: 

When rhetoric meets hard data reality:

Lending

(BofAML, my additions)

Via BofAML

Despite the strong gain in confidence among small businesses (as suggested by the NFIB small business optimism survey), there has been a slowing in loans over the past several months (Chart 2). The story of post-election small business optimism leading to greater investment is not playing out in the data.

Or, visually:

Trucks

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One thought on ““It’s Not Showing In The Data”: Small Business Lending Plunges Despite Trump Bombast

  1. This is a dangerous group (House,Senate,WH). The inmates are running the ASYLUM…. Remember a LIE is still a lie no matter how it is spun or WHOEVER spins it. Hint : 10 C_mm_nd_e_ts.

    Like

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