Starbucks as the new housing proxy?

Paul Kedrosky has a great map of the first wave of Starbucks store closings.  They correlate rather well with areas impacted by foreclosures due to subprime mortgage resets. Seems like a pretty good proxy to me.  I'll admit that I have a small Starbucks problem, so now I am writing down every time I skip the Bux and save real bucks and pat myself a little on the back The Starbucks closings: Foreclosures from the New York Times: Share This