Posted on 10/14/2013 12:41:34 PM PDT by whitedog57
In the film “West Side Story,” Puerto Ricans sing “America” and pronounce that “Puerto Rico Is In American Now.” If they redid “West Side Story,” they would have to sing “Detroit Is In Puerto Rico Now.”
Puerto Rico has a negative outlook from ratings agencies and is rated Baa3 by Moody’s.
prcwdes
Puerto Rican municipal bonds are collapsing in price.
Puerto-Rico-commonwealth-2033
While the Puerto Rican municipal bond 20 year yield has popped to over 10%.
PR-20-year-yield
Puerto Rico credit default swaps have increased recently (note the “Batman ears”).
prdcs
At least Puerto Rico isn’t in the Argentina area of CDS prices. But Puerto Rico is approaching Venezuela.
americacds
Gives them more incentive to become a state.
Far too small to have any leverage.
The Democrat electoral bedrocks of Cali, Ill, and NY will be the states that get the federal bailout.
I heard there was a scientific plan to terraform Detroit, but a study recently revealed that it was too alien to create an environment for human life to be able to exist there.
gee... who could possibly see this coming...
we should start a pool...
which state and which quarter will it collapse
Illinois has to be close to the edge.
Oh, hell yeah,
Let’s make this pathetic economic basket case our 51st state.
“Puerto Rico! Independencia! Hoy!”
... And the common denominator is ...
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