Is Detroit going to be a ghost town? Who is next?

With the recent news of the entire city of Detroit filing for bankruptcy I cannot help but ask myself who is next? Who will be the next city to file for the same thing? Is this going to be a continuing pattern? How many cities will do this? Who is responsible for all of this? Well I know I just threw about 1000 questions at you all at the same time. I realize that this is a lot to digest but you have to remember some things before you come to any hasty conclusions. Detroit's economy relied heavily on the auto industry. If you remember in recent history the auto industry was on that required major cuts and bailouts. It is a given that the city is going to suffer when its major industry is. Just look at all the ghost towns out west. Do you think that when the gold stopped the towns were bailed out by the government? No that is why they are ghost towns. They did not have the option to file for bankruptcy protection and get bailed out until they could get back on their feet. It was sink or swim and they sank. I do not believe that we are in the same type of world today as we were in back then. So the answer is that Detroit will most likely not become a ghost town. It will adapt and overcome but it will not be painless. What doesn't kill you makes you stronger. Right? I am just glad that it is easier to survive today. This is proof that the economy is truly global. The entire world is connected for the first time in human history. Don't forget to follow us. Thanks.