I think it depends on how you define "bottomed out?" In terms of fiscal matters, I say yes. Bankruptcy has been the answer to Detroit's fiscal woes for at least 10 years. Only time will tell if the city is able to maintain a balanced budget while delivering satisfactory city services and more importantly delivering improved city services. I also agree with Richard's previous post. The city now has hope. This is evident by the number of individuals and small groups getting involved with Detroit's rebound. NEVER, has there been a time where Detroit has quite seen a movement of this magnitude for this long period of time. Many of us forget just how deep in a rut we were. There's been much improvement, although we have so much farther to go. I credit the use of social media for giving pro-Detroiters a platform to network, connect and implement ideas to fruition. This has played a major in Detroit's resurgence.

Second, if the term "bottomed out" refers to population loss, then I think the population continues to decline for many different reasons we're all well aware of. As someone previously mentioned, cities all across the world are becoming the epicenters for progressive businesses and this includes Detroit. In fact, Detroit has the opportunity to become a model city for the new urban landscape. But I don't know how confident I am in our current leaders to make that happen. IF S.E. Michigan has any chance of competing with other major world cities Detroit will have to be the hub. I think the early corporate defectors of the suburbs for the city understand how critical it is for them to get a jump start on this permanent trend. Detroit is at a crossroads and the city can either go in one of two directions. If we're ever to make it out of this mess systematic changes will have to be made and some form of socialism will have to play an important part to address mental illness, joblessness, extreme poverty, education etc.