Tag Archives: Detroit FIles Chapter 9 Bankruptcy As Moody’s Rases US Outlook

ZeroHedge – Tyler Durden – Detroit FIles Chapter 9 Bankruptcy As Moody’s Rases US Outlook – 18 July 2013

Change you can believe in with Detroit filing Chapter 9. But, really, adjusted for AFS, one-time items and a stock buyback which was pending but never fully effected, it is only a Chapter 11 and thus bullish.

Wait, wait, we know: it’s the weather’s fault. Also, soaring gas prices mean much more weather is coming. Continue reading