Saturday, October 07, 2017

Which American Cities Will File Bankruptcy Next? | Zero Hedge

Which American Cities Will File Bankruptcy Next? | Zero Hedge
"We harp on the massive, unsustainable, yet largely unnoticed, debt burdens of American cities, counties and states fairly regularly because, well, it's a frightening issue if you spend just a little time to understand the math and ultimate consequences.  
Here is some of our recent posts on the topic:
Luckily, for those looking to escape the trauma of being taxed into oblivion by their failing cities/counties/states, JP Morgan has provided a comprehensive guide on which municipalities haven't the slightest hope of surviving their multi-decade debt binge and lavish public pension awards. 
If you live in any of the 'red' cities below, it just might be time to start looking for another home..."

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