As I vacationed for 4 days over the weekend, I came back to find that Michigan news was really focused on two stories: The bankruptcy of GM and the Detroit Red Wings. Well, only one of these stories really applies to the equity of Southwest Michigan and PRI (well, unless you consider hockey a systemic barrier break sport).
Despite all the gloom and doom scenarios, Chicago Fed Senior Economist William Straus actually things the deal that GM brokered will be good for Michigan, or at least put us on a better path. His comments below:
Wednesday, June 3, 2009
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