Puerto Rico Is Greece, & These 5 States Are Next To Go

by Tyler Durden
ZeroHedge.com
01/03/2016

As Wilbur Ross so eloquently noted, for Puerto Rico “it’s the end of the beginning… and the beginning of the end,” as he explained “Puerto Rico is the US version of Greece.” However, as JPMorgan explains, for some states the pain is really just beginning as Municipal bond risk will only become more important over time, as assets of some severely underfunded plans are gradually depleted.

The Rest…HERE

This entry was posted on Monday, January 4th, 2016 at 12:54 am and is filed under Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.