Today, Puerto Rico announced it may not be able to make debt payments coming due (covered on CNBC). Should the U.S. government help Puerto Rico pay its debts?
Puerto Rico is a U.S. commonwealth so the U.S. may bail them out.
But I don't believe dolf is any of these--he is a GENIUS to have bought NFLX 1/10th the current price.
Well, there is a category between moron & idiot--imbecile. Imbeciles can speak but usually don't write or read very well. They can hold simple, repetitive jobs. There do seem to be some imbeciles posting here, but I'm too polite to name them.
The bubble has popped.
The biggest concern in my opinion should be whether it impacts lower rated munis in the U.S. itself.
Mood in Congress is opposed to PR bailout, so this could setup a messy default.
Chinese stocks down almost 10%, U.S. & European stocks also down sharply, but TLT can barely stay positive. I think the big money, presumably the smart money, is selling. U.S. dollar was down almost 1%, indicating foreign selling of dollar assets, presumably bonds & stocks.
make the rich pay!
No money to pay it.
No money to pay it. Wow!!