Puerto Rico defaults

Been flagged for a long time.


Puerto Rico’s bonds were yielding 2% just a few years back.
Global ZIRP made junk look like gold.

Who will be the next to fall ?

With falling commodity prices how about resource based economies? Did someone say Petrobras? Rising dollar and interest rates in emerging markets? suspensions, restructuring, moratoriums, debt conversion, I’m sure we’ll here more euphemisms for default over the course of the next 2 years now that the ball is rolling.

Emerging markets teeter on brink of downgrades → ft.com/intl/cms/s/3/87f3177e … f6b2f.html

Fears mount over rise of sovereign-backed corporate debt - → ft.com/intl/cms/s/0/2f23839c … f6b2f.html

Following Ukraine’s default on sovereign debt payment, Russia threatens litigation - → neurope.eu/article/following-ukr … itigation/

China’s Dangerous Debt - → foreignaffairs.com/articles … erous-debt

Sovereign Debt Restructurings 1950-2010 : Literature Survey, Data, and Stylized Facts - → imf.org/external/pubs/cat/l … sk=26190.0

The Restructuring, Audit, Suspension and Abolition of the Debt - > globalresearch.ca/the-restru … bt/5457681

17 Sovereign Debt Downgrades Likely As Fed Hikes - → blogs.barrons.com/emergingmarket … fed-hikes/