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As black unemployment remains at historic lows, The number of small businesses owned by African Americans in the United States has exploded by 400% year-over-year, according to a survey of more than 2,600 small business owners and entrepreneurs by Guidant Financial. The survey reveals that in 2018, 45% of small business owners were minorities - up from just 15% three years ago, with the majority of them belonging to African American owners. Following African Americans, Hispanics were the next largest group of minority small business owners representing 14% of the business owners interviewed for the survey. Meanwhile, Asians made up 8% of the business owners surveyed while Native Americans made up 4%. -Small Business TrendsLooking more closely at the data, we find that the majority of black business owners are between 40-49 years of age, while the #1 state for the demographic is Texas, followed by Georgia, California, Florida and North Carolina.
Craig Pirrong, professor at the Bauer College of Business writes that "I have frequently written that Zero Hedge has the MO of a Soviet agitprop operation, that it reliably peddles Russian propaganda: my first post on this, almost exactly three years ago, noted the parallels between Zero Hedge and Russia Today.
Heh, ok, Comrade....
At least it isn't "Reader's Digest"....
