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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 382.95-0.8%Nov 13 4:00 PM EST

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To: energyplay who wrote (58839)12/13/2009 5:30:12 AM
From: TobagoJack  Read Replies (2) of 217749
 
another difference between detroit and sunnyvale could be the debt level

i would think banks and folks had been cautious on lending to detroit over the years as its slide downward was well-enough recognized, whereas sunnyvale's new circumstance may have surprised some creditors

detroit has the advantage in that it is closer to fresh water, and once plowed under, can be useful for food production for at least the residual population

sunnyvale may be a bit dry, and not of much use the moment it can no longer afford reasonably priced but high cost water.

let us watch n brief. i am sure that where there are imperatives, so there would be resolutions, and where there are no choices but one, that one would prevail.

who knows, maybe a typical sunnyvale resident can still sell his abode for a relatively high price, decamp for detroit, buy a city block, and plow the whole place under to start a farm, or create an urban jungle amusement park for laser tag game enthusiasts. both solutions are economically viable, and probably a lot of fun.
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