global finance, global economy, world economic crisis

Broke And Desperate, Part 1: Chicago Pawns A Crown Jewel

A new bond issue from Chicago is rated AAA. That’s great because it means the city’s finances are on the mend, right? Nope, just the opposite. Here’s the story: Bondholders fret as alchemy turns Chicago’s junk to gold (Bloomberg) — Chicago’s public pension debt is $36 billion and growing, it’s facing $550 million in budget […]

The post Broke And Desperate, Part 1: Chicago Pawns A Crown Jewel appeared first on DollarCollapse.com.


Leave a Reply


Amazon Shop powered by Amazon Store Plugin for WordPress available via Themes Town