Category recession

Doug Kass calls a stock market bottom

I’ve followed money manager and financial commentator Doug Kass for quite a while. He’s plenty smart, savvy, and often takes gutsy moves in advance of the herd (like when he shorted Berkshire Hathaway early last year). Kass predicted the current…

Detroit becoming zombie city

Yves Marchand & Romain Meffre. From their The Ruins of Detroit series The Chicago Trib details the dire condition of Detroit. Median house value in Detroit is now $7,500. The city’s bond rating has been downgraded to junk and it…