City economies now collapsing: OK, let’s take a breath

You know, we spend our time on the long-term future here, but it seems like everybody needs to pay attention to the next few weeks.

Today, several American mayors went on record saying their finances are in shambles, and now THEY need a bailout too.

Did the bailout plan really take none of these repercussions into account? Can we maybe stop and do a little scenario planning about what the next two months could look like before acting with $700 billion in our pockets?

Note to the Treasury Dept: we’re only one block away.

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