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Mike Shedlock, author / blogger at MishTalk, reports that small business hiring plans have reached their lowest point in six years, according to recent data.
He references a further decline in the NFIB Small Business Optimism Index, indicating ongoing challenges for small businesses in the current economic environment.
Shedlock has recently observed that Bitcoin continues to trend lower in wave 5, with little change since March. He has also written about consumer credit stress reaching levels seen during the Great Recession, noting record auto delinquencies and near-record credit card stress. These recent comments add further context to his outlook on deteriorating business and consumer conditions.