Comments on: Puerto Rico’s perfect storm http://blogs.reuters.com/muniland/2014/03/06/puerto-ricos-perfect-storm/ Bridges, budgets, bonds Mon, 24 Nov 2014 00:29:08 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: billchayote http://blogs.reuters.com/muniland/2014/03/06/puerto-ricos-perfect-storm/comment-page-1/#comment-2431 Sun, 09 Mar 2014 22:38:03 +0000 http://blogs.reuters.com/muniland/?p=13565#comment-2431 They need to cut between 1.5-2billion. Is possible that for a economy of Only 9.2 billion budget?
I dont belive it.
Can you belive that they can operate breakeven when the last 40 plus years they had deficit every year?
Sorry, but no

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By: nixonfan http://blogs.reuters.com/muniland/2014/03/06/puerto-ricos-perfect-storm/comment-page-1/#comment-2425 Fri, 07 Mar 2014 22:58:58 +0000 http://blogs.reuters.com/muniland/?p=13565#comment-2425 Millstein is obviously Plan B, if the deal fails. But I wonder if, when he makes his recommendation to the GDB, if he will advise them to impose a debt moratorium now. It seems to me that debt reduction is necessary, and is preferable to more debt. The amount of legal work ahead is daunting, and the sooner they get started the sooner they can turn the page.

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By: CraigL http://blogs.reuters.com/muniland/2014/03/06/puerto-ricos-perfect-storm/comment-page-1/#comment-2424 Fri, 07 Mar 2014 16:38:34 +0000 http://blogs.reuters.com/muniland/?p=13565#comment-2424 Yes, Cate, we can always count on you for the PR doom and gloom. Imbalanced budgets, constitutional debt ceilings, bond restructuring, and general oblivion are apparently all imminent (how are the first two different from the US, beats me, yet no big story on that). Meanwhile, investors see through all these negatives, and are enjoying a +9.66% YTD gain according to the S&P PR bond index, not including the interest that was paid by PR on time, as usual.

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