Small business owners struggle with costs, inflation – Center Square

“For March and April, it looks like many of the businesses in Illinois have been able to charge more and compensate for the inflationary times that we’re in,” said Researcher Chuck Casto.
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marko
1 year ago

Anecdotal but the last 6 months have worse for us than 2002 or 2008-9 and they haven’t even officially acknowledged the recession yet. The Dallas FED service sector survey was negative for the 23rd month in row and last year we had 2 official consecutive quarters of negative growth. It’s a recession, it’s been ongoing and the fact the BLS is fluffing every number each week tells me it’s a monster on par with 08 or worse. But fret not, old pedo-joe has billions for eastern european gangsters, genocidal terrorists states and dead beat borrowers. Keep working tax donkeys.

Admin
1 year ago
Reply to  marko

Yes, remarkably bad macro news this past week. Beyond what you said, consumer confidence and PMI measures way down.

debtsor
1 year ago
Reply to  Mark Glennon

I agree, yet the restaurants are busy, the hotels are full, the checkout lines are long and for the most part, corporate earnings are gang busters. I can’t make heads or tails of the economic numbers and neither can anyone else either. I’ve been a passive follower of economic news my entire life and this time more than ever confuses the heck out of me.

Admin
1 year ago
Reply to  debtsor

Ditto.

Tom Paine's Ghost
1 year ago
Reply to  Mark Glennon

Who would down vote this? A bad economy effects everyone. Even the socialist vermin. Even the parasites of CTU.

Admin
1 year ago

You can be sure there are some lefty political staffers and the like who come here and just pound away on the down button.

Bill from Oswego
1 year ago
Reply to  Mark Glennon

Compared to the usual racists who call Chicago planet of the apes. We need more racist to upvotes. LOL

Admin
1 year ago

Not usual, and he is out of here now.

debtsor
1 year ago

Racists are just stupid and misguided. But they’re still better than degenerate, mostly evil Democrats. Pretty much everybody is better than Democrats, except Nazis, and right now, the Democrat Party seems to be filled with them!

Hello, Indiana!
1 year ago

Hmm.. meanwhile in states with the same national rate of inflation, businesses seem to be doing well. Not so much in CA, NY, NJ, etc. Seeing a pattern?

Old Joe
1 year ago

I’m struggling with car insurance. It almost equals the monthly payment!

debtsor
1 year ago
Reply to  Old Joe

I’m no fan of insurance companies but their costs have increased exponentially. There are more uninsured drivers on the road than ever before (aka illegal immigrants), while car accidents and traffic fatalities are at 20 year highs, and used car replacement values are near record highs, and a visit to the ER after a fender bender now costs upwards of $10,000 after the MRI/CT and ambulance. Everything is more expensive so its only logical that your insurance rates would reflect this.

Ex Illini
1 year ago
Reply to  debtsor

Not to mention the occasional carjacking which rarely gets solved. And those carjackers have expensive tastes.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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