Sunday, December 21, 2008

Efficient Markets

It's bad and will probably get worse in Detroit.

  • Unemployment is above 21% vs. 6.7% nationally
  • One in five residents are delinquent of their local taxes
  • Almost half of children live below the poverty level

Pretty soon East Coast companies are going to start outsourcing work to the Midwest. It should have already happened. The economic disparity is unsustainable.

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