Meredith Whitney, A Wall Street wizard who called the banking crisis early, is expecting 50-100 municipal defaults in the near future. Ms. Whitney says states won’t default, but more cities will. They will have to choose between paying the bondholder and paying the police and firemen. The built-in escalators in their contracts will more than Read the full article…
What drama we have coming out of Washington these days. Speaker Boehner is in a sweat. He just can’t find it in his heart to abide by the promise to cut $100 billion, reduced to $61 billion(because part of the budget year is gone), now cut to $30 billion. His allies are the Democrats, he Read the full article…
Want to make a pile of dough over the next ten years? Find a London bookie who will take your bet that ten years from now our imports are up, not down by one third as Obama promises. Why is that a good bet, let me show you. Here’s his master plan. First he will Read the full article…
