Sep 28 2009
The Long Lost City of Detroit: The Economic and Financial Pain of Motor City. How Detroit went from 1.8 Million to 912,000 Residents. 28.9 Percent Unemployment.
There is no other city in the United States that highlights the Achilles Heel of the current financial crisis like Detroit Michigan. Detroit Michigan had a booming population from 1870 to 1950. In 1870 Detroit had 79,577 residents and in 1950 Detroit had a stunning 1.8 million. The massive boom came with the growth of [...]
Apr 19 2009
Credit Cards and Auto Loans: $2.5 Trillion Outstanding Consumer Debt. If you can’t find a Qualified Borrower or Buyer still lend the Money.
One of the many problems that led up to the economic crisis was easy access to debt. This included easy access to home loans, auto loans, and credit cards. You would have a hard time finding a reputable source that would argue otherwise. Yet in the latest release of consumer credit data from the [...]
