O'Leary said he believes these numbers mask a more significant issue caused by the Federal Reserve's 10 consecutive interest-rate hikes since March 2022. That's not what I hear, and I live in the real world."īillionaires are making their money in the private markets, and This Startup Is Revolutionizing Healthcare Investment so anyone can get involved When questioned about the reported surge in small business optimism, O'Leary responded, "No. The National Federation of Independent Businesses' Small Business Optimism Index increased to 91 in June, a seven-month high but still below the 49-year average of 98. Small businesses, in particular, are struggling despite a slight uptick in optimism. The possibility of further rate hikes looms, adding to their anxiety as they fear it could push certain sectors into deeper distress. Entrepreneurs and business owners continue to face economic pressures and rising interest rates. O'Leary, who works closely with small and mid-sized businesses, said he doesn't see optimism increasing in the economy as some may suggest.ĭespite reports of optimism in the data, O'Leary's interactions with businesses across various states reveal a different reality - entrepreneurs are far from content with the prevailing economic conditions. Kevin O'Leary, the entrepreneur and "Shark Tank" television star, expressed concern over a "crisis emerging" in the United States during a recent interview on Fox Business.
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