To: Jimmy Valentine
NYC has been booming for 20 years, has the highest concentration of wealth in the world, and just reached an all-time high in population.
Not exactly Detroit.
They have loaded up on debt, have pension fund liabilities out the kazoo, and a crumbling infrastructure.
They gloss this over, but it won't last, especially with people like Bloomberg and that idiot Cuomo in the saddle.
posted on 03/29/2013 6:33:01 AM PDT
by Jimmy Valentine
(DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
QE's 1, 2 & 3 helped NYC.
Not sure I'd want to be there when the music stops.
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