December/09/2010 16:31PM
2 interesting comments, join the discussion

Billions are flooding out of municipal bonds in the last few weeks. What does the smart money know that we don’t know? Not being a smart money guy, I can only speculate. My guess is they know the cities that issue the bonds are in trouble. A friend tells me the Lansing(MI) school district is Read the full article…

April/03/2010 16:23PM
2 interesting comments, join the discussion

Many years ago the State of Michigan had a far more generous welfare program than the state of Illinois. Soon, thousands of people seeking a better welfare opportunity moved from Chicago to Benton Harbor, Michigan, the closest low income city to Chicago. When Governor Engler stopped welfare in Michigan, they moved back to Chicago. So, Read the full article…