Lisa Sieverts

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Winter is coming, re the economy and small business especially

Kenneth Rogoff assesses the state of the U.S. economy – Harvard Gazette

A third thing is that the stock market disproportionately represents larger companies. Small businesses aren’t in the major indexes. Sole proprietors are certainly not included. Yet, these are a major part of the economy and the part that is getting slaughtered. In fact, many large firms will see their monopoly power go up as smaller competitors and potential future competitors are going bankrupt because they don’t have the cash reserves to survive a shock of this magnitude.