Small Business Boomers

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Miranda Marquit (Yielding Wealth) says that the real problem with our economy is consumer debt.  Darn right!  From the biggest investment banks down to “mom and pop” households, we are buried in a mountain of debt.
Don’t believe me?  How about these facts?
MSNMoney says,  (and I quote):

About 43% of American families spend more than they earn each year.

Average households carry some $8,000 in credit card debt.

Personal bankruptcies have doubled in the past decade.

How can almost HALF of American families spend more than they earn?
Some more scary facts (from Creditcards.com):

76 percent of college students (most with …read more

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I have been wandering around the b5 media’s Business Channel to see what other bloggers are saying about the financial troubles on Wall Street this week.  Here’s what I found:
Kelly, over at TaxGirl, gives her opinion on the AIG Buyout and she repors on what candidates Obama and McCain have to say about the buyout.
Talk Stock Trading wants to know who is next to get a buyout after AIG.
Miranda Marquit at Yielding Wealth encourages us to learn more about CDSs and their relationship to the current financial crisis.
And Sarit Catz gives us his “two cents” on Biz Levity

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