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The John Batchelor Show

PREVIEW: #ECONOMY: Excerpt from a conversation with colleague Liz Peek of The Hill and Fox News re the road ahead as viewed by the famous and far-sighted NFIB (National Association of Independent Businesses) --puzzling observations, both foreboding and y

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 23 April 2024

⏱️ 3 minutes

🧾️ Download transcript

Summary

PREVIEW: #ECONOMY: Excerpt from a conversation with colleague Liz Peek of The Hill and Fox News re the road ahead as viewed by the famous and far-sighted NFIB (National Association of Independent Businesses) --puzzling observations, both foreboding and yet still eager for workers. Details later.

undated Anchorage Alaska

Transcript

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0:00.0

Have you ever felt like escaping to your own desert island?

0:04.0

Jane Gaskin did exactly that, trading in the family home to begin a new life in the

0:09.1

tropics.

0:10.1

But she soon discovers that Paradise has its secrets.

0:13.4

I'm Alice Levine, and this is the price of Paradise,

0:18.0

the island dream that ends in kidnap, corruption, and murder. Wish you were here. Follow the price of Paradise Now wherever

0:26.7

you listen to podcasts. This is John Batcheler, a conversation excerpt with Elizabeth Peek of the Hill and Fox News about the economy, the American economy,

0:40.0

and Liz speaks of the NFIB, the National Federation of Independent Businessmen, 300,000 small businesses.

0:47.5

My experience is they see the weather far, far ahead.

0:51.6

And this is Liz's report of some some obvious inconsistencies

0:56.9

between gloom and competition, especially about finding new employees.

1:07.0

Liz Peek, on the NFIB giving not mixed signals clearly sensitive to the economy, but the economy is

1:15.6

acting unusual, full employment, demand for employment, and yet inflation is moderating but not fast and the Federal Reserve is holding back.

1:30.0

It's all a puzzle. Here's Liz Peek. More of this later.

1:33.2

One of the things I kind of checked mentally yesterday was that the NFIB, you know, the small business

1:41.0

organization which does this usual survey found their

1:44.8

members optimism level at a 12 at the lowest since 2012. I thought that was

1:50.4

pretty surprising really and part of it was the that was they don't think that business is accelerating. They think prices are still a problem,

1:59.8

hiring is still a problem, but the very fact that they mentioned a good number of them that hiring is is

2:05.0

difficult still suggests that we still have a pretty tight jobs market.

2:09.0

So barring any kind of sudden reversal in that, I don't see the Fed cutting rates anytime soon.

2:19.0

Have you ever felt like escaping to your own desert island. Jane Gaskin did exactly that, trading in the family

...

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