This contraction has already occurred in many cities of the heartland — Detroit, St. Louis, Milwaukee, Cleveland, etc. In contrast, booming New York, Boston, San Francisco and Dallas are purely products of the financialization of economy, and disorder in the banking system will hit them very hard. The suburbs around these places are next to go. Their destiny is either slums, salvage, or ruins.
http://www.zerohedge.com/news/2017-03-31/big-contraction-interview-james-howard-kunstler
Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts
Friday, March 31, 2017
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