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US Small Business Can't Pay The Rent, Interview w/ @The Economic Ninja
The Economic Ninja stops by to talk about a recent story on Alignable.com showing that 37% of US Small Businesses were unable to pay their rent in full and on time in October. Most businesses cited inflation-related reasons for the difficulty. This will have wide ranging consequences for jobs, the housing market, and CMBS or Commercial Mortgage Backed Securities.
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