Why Detroit’s Bankruptcy Should Concern You

    Investment Contrarians
    By Investment Contrarians

    Detroit’s BankruptcyWell, it’s official—as of last Thursday, the city of Detroit is bankrupt.

    Detroit is a sad example of a city that was continually running a large budget deficit. But it grew into such a huge amount of government debt that ... Read More

    This article Why Detroit’s Bankruptcy Should Concern You originally published at Investment Contrarians by

    Original: http://www.investmentcontrarians.com/debt-crisis/why-detroits-bankruptcy-should-concern-you/2612/
    By: Sasha Cekerevac
    Posted: July 22, 2013, 8:09 am

    Investment Contrarians

    Investment Contrarians

    Investment Contrarians provides independent and unbiased research. We are independent analysts that love to research and comment on the economy and the stock market.
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    We believe the stock market and the economy have been propped up since 2009 by artificially low interest rates, never-ending government borrowing and an unprecedented expansion of our money supply....