Sinkhole Cities: Debt Crisis Hits Home
When watchdog group Truth in Accounting publishes their annual Financial State of the Cities, few expect anything less than an utterly scathing account of America’s localized debt crisis. The most recent report, however, paints a particularly bleak picture – and backs...
COLLISION COURSE: Gloves Are Coming OFF!
Dear Reader, If you’ve tried to drive through Los Angeles and get out into the suburbs at 5:00 in the early evening, you would quickly come to realize that infrastructure is maxed out and decades behind. Freeways that have 65 mile an hour speed limits, look like...
It’s Official: We’re in a Bear Market
For investors hoping for some holiday cheer heading into Christmas, Wall Street had other ideas. With the devastating losses adding to an already sour outlook for the broader financial sector, we can no longer deny the obvious: we are in a bear market. Typically,...