While some say the decline in the number of California's businesses isn't clear, those businesses and lots of jobs with them are disappearing. And California is not alone.
That's the bad news. The good news is some states have seen an increase in new businesses.
Could the differences between California and Florida, both whacked hard by the real estate bubble, the former losing firms and the latter growing them, be about the difference in taxes?
That couldn't be part of the answer.
http://www.businessweek.com/articles/2013-07-03/why-are-californias-businesses-disappearing#r=rss
----------------------------------
OPPORTUNITY KNOCKS
We've talked about the chaotic bond market before. Where some smell fear, others smell opportunity. The trick is not to let your opinion pre'vent you from making money.
Thank Bernanke for his flub, intended or otherwise, as some have suggested. If he was just pluming the market, fine. If he just screwed up, fine. He created opportunity.
The only real freedom in this increasing government-controlled world is to have your own stash of screw-you-money. Make the money and be gone.
And yes we've looked at Moises Naim's recent book The End of Power.
http://www.bloomberg.com/news/2013-07-04/fidelity-sees-bargains-as-98-of-asia-bonds-sink-credit-markets.html
_______________________
No comments:
Post a Comment