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Tuesday, July 23, 2013

Detroit sounds warning for Chicago

Chicago could easily become the next Detroit when the economic cycles turn down in 2016.  Don't expect a lot to happen until social unrest becomes the norm.

Graphic: Comparing Chicago and Detroit

Headline: Rosenthal: Detroit sounds warning for Chicago

No matter how much horsepower you produce, you can't outrun math.

Like automakers General Motors and Chrysler a few years earlier, Detroit late last week finally acknowledged its numbers never would add up and filed for bankruptcy protection. This is the destination after decades of struggling to reconcile growing legacy costs and obligations with a shrinking economy.

Sound familiar anyone? Anyone?



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