Gavekal Capital: US Small Businesses Feeling Bummed Out

Tuesday, March 11, 2014

US Small Businesses Feeling Bummed Out

US small businesses can't break out of the malaise they have felt since the great recession hit. The headline of the small business survey fell from 94 to 91.4 in February (vs expectations of 94). This means that this survey is still stuck at levels that prior to 2008 were only seen during or leading up to recessions.

Outlook for expansion remains subdued even has hiring has slightly increased and job openings at pre-2008 levels.

About Gavekal Capital

Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
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