Detroit the Beginning of a Trend in Municipal Debt?

    Investment Contrarians
    By Investment Contrarians

    Municipal Debt“Motor City,” USA is in trouble. Detroit, straddled with close to $20.0 billion in debt, simply could not move forward and was forced to declare bankruptcy late last week—the largest bankruptcy in U.S. municipal history.

    The news was not ... Read More

    This article Detroit the Beginning of a Trend in Municipal Debt? originally published at Investment Contrarians by George Leong

    By: George Leong
    Posted: July 24, 2013, 3:51 pm

    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....


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