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  • By the year 2000, the government ran on ever-larger deficits. It all came to a screeching halt in 2014, when Puerto Rico’s debt was degraded to junk status and the island was effectively shut out of the financial markets. The fiscal and economic predicament...

  • From left: Mario Marazzi and José Piña The U.S. Bureau of Labor Statistics and the Puerto Rico Statistics Institute announced Thursday a series of changes to the methodology used to create Puerto Rico’s labor surveys, to align them...

  • Is Peter Schiff Really Moving to Puerto Rico?
    via stock-market-club.blogspot

    By Nick Giambruno It’s been a little over a year since I sat down with Peter Schiff at his house in Connecticut to discuss the importance of international diversification. Since then, the options available to take protective measures have declined...

  • While Greece is now dominating the debt default stage, the real tragedy is playing out much closer to home, with the downward spiral of Puerto Rico. As in Greece, the Puerto Rican economy has been destroyed by its participation in an unrealistic monetary...

  • With Puerto Rico missing a payment on a bond overnight "due to non-appropriation of funds" but denying that this constitutes anything close to a default, the territory may be about to retake the limelight as Greece is now "fixed." As MarketWatch reports...

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