https://www.db.com/ir/en/content/ir_releases_2012_4037.htm
I’m hearing rumblings from my contacts that several “distressed industries” are planning to issue HUGE numbers of pink slips in September and October in a Going Galt attempt to sink Obama, but good.
Meredith is a very smart lady. A couple of years ago, she predicted “a wave of municipal failures.” After they failed to materialize, she was derided in the financial media as having been a one-hit wonder on the financial meltdown, but wrong afterward. Now, she’s been proven right—three cities in CA have been the first to break, and it’s clear there’s a a lot more that will follow.