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The Obama Boom begins: Small Business Confidence Improves

December 21, 2010

More good news: Small business confidence is up after years of bad prints.

Confidence is not actually good yet, but another mark on the positive news side.

The years of high deficit spending is producing massive corporate profits, and the bank sector no longer matters to the real economy.   Most stock analysts are not aware of the amazingly strong relationship between government deficit spending and corporate profits.  My guess is that this relationship will dominate any other relationship out there.

What will be known as the Obama boom has begun.

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