
Mmm Interest Rates...
Woohoo! So these fancy pants at the Federal Reserve they went and sliced interest rates! Like cutting a donut in half but instead of sprinkles it's supposed to make Wall Street happy. And maybe just maybe it'll trickle down to us regular Joes... and Moes. They say this is the first cut in forever like since before I knew what a 'credit score' was. Doh! But what does it all MEAN? Is this gonna finally get me that Duff Brewery I've been dreaming of? Mmm Duff...
Inflation? Is That Like When Marge's Hair Gets Bigger?
Turns out these small business owners are worried about 'inflation.' Is that like when Marge's hair gets bigger? Or when Bart's pranks get more expensive? Apparently almost 40% of these folks think it's the biggest risk to their businesses. More than say rabid squirrels or Milhouse. But hey some of them are feeling a bit better thinking inflation might be done getting all puffed up. Maybe there's hope for cheaper donuts yet!
Woohoo! Money Money Money!
So these rate cuts? They're supposed to be like a little kick in the pants for the economy! About 62% of these business owners think it'll do something. A fifth of them think it will do a major something! People wanna expand their businesses get more stuff you know invest. It's all very exciting. But if you're thinking about asking for a raise don't hold your breath. Only 20% are planning to raise their employees wages!
Borrowed Money? I'm All Ears!
This all sounds good! I'm looking to start a microbrewery and get myself a loan to build it! That's right 'Burns Brews' will be the new name and there will be a new beer in town! I'm all ears when it comes to cheaper borrowing costs. Maybe I can finally afford that solid gold donut I've always wanted! Mmm... gold...
Politics: Worse Than Broccoli!
Now here's where it gets weird. These business owners they're picking sides in this election thingy. Like choosing between donuts and... broccoli! Democrats like the lady with the pearls and Republicans like the guy with the hair. But get this: some Republicans like Joe Biden more than the other lady! Maybe they think he's easier to beat? Or maybe they just miss those good old days when things were simpler like before they invented kale smoothies. I tell you what I don't want I do not want Lisa Simpson running my business!
Cautiously Optimistic? Sounds Like Flanders!
So what's the bottom line? These businesses are cautiously optimistic whatever that means. Sounds like something Flanders would say. They're hoping for the best but still keeping an eye out for trouble. Like me at a donut shop: hopeful for a free sample but wary of Lenny trying to swipe it. But hey at least there's hope right? And as long as there's hope there's beer! Doh!
sarahmichele
I blame the Republicans for everything!
hiruma7x
I blame the Democrats for everything!
matild
This economy is like a complicated donut recipe. I just want to eat the donut!