◀ The Principal Blog

Righting Detroit’s Municipal Ship: Just the Beginning or Bon Voyage?



On November 7, U.S. District Judge Steven Rhodes approved Detroit’s plan to exit bankruptcy, or its plan of adjustment. This paves the way for the city to resolve the largest municipal bankruptcy in U.S. history only sixteen months after its historic filing in July 2013. This is a stark contrast…

Read more

October Jobs Report – Unemployment Rate Drops for the Right Reason (Video)



The October jobs report came out on Friday, November 7, 2014. The report indicated continued job growth but slow wage growth. The U.S. economy added 214,000 jobs in October, slightly less than expected, but the trend remains robust. Here are some of my thoughts on the release and our expectations…

Read more

Recent