5-29-15 Economic Death Spirals and More….
Economic Death Spirals: Part I By Dave Harbour Economic Death Spirals are never pleasant and can vary in impact. As a former utility regulator, I was always on the lookout for potential utility death spirals, for their impact could bankrupt utility investors, make utility rates unaffordable for consumers and/or threaten the lives of those dependent on life sustaining heat, light, water and sanitary services. A utility death spiral can strike when rates become too high for consumers to afford. In such a case, fewer consumers can pay for the service. [...]
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