Hello fellow rebel capitalists hope you're well so I wanted to go over some new data about small businesses in the United States

We actually tried to discuss this earlier, but I had some technical difficulties with why my Wi-Fi so we've got that fix.

Let's dive right into this article because this is some crazy stuff.

Like I said earlier, when I read this article, I mean my jaw just completely dropped I did not realize that small businesses are

struggling to the degree to which they are because we sit there and look at the stock market.

You look at the Googles, the apples of the world, the Facebook and whatnot.

And you look at the S&P 500 and for most of you it's go up up up up so we assume that this is a reflection of all

the businesses in the economy no no no this is only a reflection of maybe 10 of the business and mega corporations.

When you look around the real growth engine of the American economy, this is small business and they are struggling and that's an

understatement and I think that you could see the bankruptcies increase massively going

into 2024 because they just can't take it anymore.

When you combine all these factors that we're going to get into,

they're just waving the white flag.

So let's get into it, and you'll see what I'm referring to.

This article is from Yahoo. And U.S. small business owners say damage from high rates will persist.

Now we just talked about how Jerome Powell hit the pause button today, but as you guys know, I just did a whiteboard on this the other day.

There's quite a lag effect between when the Fed increases rates and when those rate increases actually

impact the real economy such as small businesses. So let's check this out here. These stats again kind of blew my mind. Now, small business owners, I'm looking at this chart, small business okay George well sure their margins went down in their low margin business by 1 2%

they'll still survive no no you're not understanding the impact that they're dealing with

and it's by the way the title is a little misleading because it's not just the interest rate hikes.

There's a variety of things that are impacting their bottom line to the point where they might go bust.

So some of the usual suspects that you would assume would be impacted negatively as a result of these

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