Tag: Chris Christie
$2 Trillion Debt Crisis Threatens 100 U.S. Cities

In a new article in the London Guardian, “$2 Trillion Debt Crisis Threatens to Bring Down 100 U.S. Cities,” Elena Moya reports that “Overdrawn American cities could face financial collapse in 2011, defaulting on hundreds of billions of dollars of borrowings and derailing the U.S. economic recovery. Nor are European cities safe—Florence, Barcelona, Madrid,...
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Out of the Mouths of Investment Managers

Warren Buffett’s annual “Letter to Shareholders” may be more famous, but I’d put this “Periodic Overview” from our friend, investment manager Roger King, up against it any day: RUMINATIONS AND OBSERVATIONS A Periodic Overview The inherent vice of capitalism is the unequal sharing of blessings: the inherent virtue of socialism is the equal sharing...
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