Sven Henrich: The economy is not the stock market. Central banks are the stock market.

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Small Businesses “Losing Confidence In The Economy” On Record Labor Shortages, Soaring Inflation

Small business owners grew less confident in the economic recovery in July amid labor shortages that hit a fresh, 48-year record high, according to the latest NFIB survey released on Tuesday. The NFIB Small Business Optimism Index decreased in July to 99.7, a drop of 2.8 points, reversing June’s 2.9-point gain.

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