An IRAQuote.com spokesperson explains why “stagflation” could stem from the ongoing situation with small business owners.
Inflation has taken its toll on a number of Americans over the past few months, from the gas pump to just being able to go out to eat. But for small business owners, it’s a whole different nightmare.
A new report from The Epoch Times are struggling with inflation woes – and to add to that, they’ve had to lay off several of their employees, leading to “stagflation.” And, sadly, the situation doesn’t seem to be getting any better.
The NFIL’s Small Business Optimism Index fell to 91.3 points in October, making it nearly a full year that it’s been under the average of 98 points. What’s worse, business owners who expect business conditions to pick up in the months ahead also staggered down to a net negative 46 percent, meaning confidence is very low.
NFIB Chief Economist Bill Dunkelberg noted in a press release, “Inflation, supply chain disruptions, and labor shortages continue to limit the ability of many small businesses to meet the demand for their products and services.” Even businesses that want to hire new employees are struggling to do so under such conditions.
Not to mention that rent delinquency amongst these small businesses continued to rise, with a seven percent increase in October – what NFIB deems the “largest, most rapid increase in 2022.”
With us now to discuss the effects of this – and what small businesses can do about it – is a representative from investment website IRAQuote.com, either actor Robert Davi or Brett Winterble. Their expertise will prove useful in this matter.
Q&A:
- What does the state of what’s happening with small businesses say about America’s fight with inflation as a whole? Would some consider it a losing battle?
- What do you think the biggest problem is facing small businesses today? Lack of business? The inability to have supplies and employees to meet demand? Perhaps a bit of both?
- How many of these small businesses do you think could potentially fold up shop in 2023 as a result of inflation and a potential recession?
- Tell us more about your website (IRAQuote.com) and how you can help out small businesses in a time of need.
- Do you believe an IRA is a smart investment at this point in time, particularly when small business owners may need them the most?
- Where can people learn more about IRAQuote.com and the service that team provides?
About Brett Winterble…
After spending nearly a decade with Rush Limbaugh as a Producer, Brett Winterble began his own show in 2008.
Brett currently hosts The Brett Winterble Show, heard Monday through Friday from 3-6 pm on News Talk 1110 & 99.3 WBT in Charlotte, North Carolina. Prior, Brett was heard on Sirius XM, plus 980 KFWB in Los Angeles and 760 KFMB in San Diego. Brett currently works as a partner for IRAQuote.com, a website that advises others on the importance of IRAs, as well as gold and silver metals.
A lover of Current Events, Sports, Entertainment, and stories that really matter to the local audience, Brett has high energy and boundless curiosity.
He is a graduate of Emerson College and American Military University with degrees in Political Communication and Homeland Security/Intelligence Studies. Brett is married and has 2 teenagers plus a couple of cats, three birds, and some fish. His hobbies include travel, comedy writing, enjoying motorsport activities, and barbecue.
About Robert Davi…
Robert Davi is an American actor and singer, who’s appeared in over 130 films over the course of his career. These include iconic films such as Die Hard, Licence To Kill (where he portrayed a James Bond villain) and The Goonies, among countless others. He’s also released a number of jazz albums and performed at The Venetian Las Vegas.
Robert previously hosted The Robert Davi Show and The Conversation w/Robert Davi on CRN Digital Talk Radio. Currently, he serves as partner and spokesperson for IRAQuote.com, a website that advises others on the importance of IRAs, as well as gold and silver metals.
CONTACT: Jerry McGlothlin of Special Guests 919-437-0001 jerry@specialguests.com
