Detroit's About To Go Bust

detroit demolition

Detroit has hit the end of the line. It’s budget deficit is between $446 million and $466 million (28% to 29%) of $1.6 billion with few ways other than drastic cuts in wages and benefits to address the problem.

If unions will not give in (and they won’t), Detroit Faces Bankruptcy.

Keep reading at Mish’s Global Economic Trend Analysis >

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.


Tagged In

detroit home-us