S8 Ep1270: Gene Marks shares insights from White House advisor Kevin Hassett regarding the validity of government economic data, with Hasset

Gene Marks shares insights from White House advisor Kevin Hassett regarding the validity of government economic data, with Hassett favoring durable goods orders and unemployment claims over revised surveys. Marks reports a generally positive outlook for small businesses, citing an uptick in optimism and a four-year high in manufacturing activity driven by the AI and data center explosion. He notes that while tariffs and $4 gasoline remain concerns, many businesses are absorbing costs without significant impact on sales. Marks characterizes the United States as an "entrepreneur's paradise" because of the ease of starting a business and the high availability of capital. He highlights that nearly half a million new business applications are filed monthly, supported by record levels of private debt and venture capital. Marks concludes that despite various uncertainties, the small business sector remains resilient and is continuing to hire. (2)