TheRifleman
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Re: Hotter than Tabasco sauce: the Boston RE market
http://finance.yahoo.com/blogs/dail...ng-event-meredith-whitney-says-121753612.html
This was good piece by Meredith Whitney. I agree if the rest of the cities and states don't get their act together Detroit will be their future.
#1 70's and 80's Industry left overseas (Big Problem)
Rich People started to leave. (big problem)
#2 Politicans kicked the CAN since then till now 2013. Finally Solution (Bankruptcy) even after Obama bailed out AutoMakers.
#3 Elected officials have been promising entitlments and buying votes which they will never be around to see.
#4 Detroit and 5 other Michigan cities are under emergeny management.
She says it all.
http://finance.yahoo.com/blogs/dail...ng-event-meredith-whitney-says-121753612.html
This was good piece by Meredith Whitney. I agree if the rest of the cities and states don't get their act together Detroit will be their future.
#1 70's and 80's Industry left overseas (Big Problem)
Rich People started to leave. (big problem)
#2 Politicans kicked the CAN since then till now 2013. Finally Solution (Bankruptcy) even after Obama bailed out AutoMakers.
#3 Elected officials have been promising entitlments and buying votes which they will never be around to see.
#4 Detroit and 5 other Michigan cities are under emergeny management.
She says it all.
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