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Retirely in The things you own end up owning you,

Two-thirds of all states saw an increase in new businesses last year. Unfortunately they were companies dealing with foreclosure, declaring personal bankruptcy, relocation to somewhere less expensive

Nearly two-thirds of U.S. states had an increase in new businesses last year, as did a majority of the metropolitan areas studied by the Kauffman Foundation.

 Thirty states saw gains in business startups, with larger states showing the biggest increases. The top five were Texas, Florida, California, New York and Colorado. Eleven smaller states saw a decline in new companies.

I think consumer debt’s going to be the pinprick. Car loans, credit cards, etc. Eventually, the CDOs backing that shiat are going to be impacted by default rates and the dominoes will fall.