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Puerto Rico

rawteam1rawteam1 Posts: 2,472 ✭✭✭
in Precious Metals
I'll be the 1st to commentate that this maybe the big canary that could pummel pm's...
Alot of hedgies on the hook, how it's handled will be big...all hush hush right now ...
Could crush liquidity...
keceph `anah

Comments

  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>I'll be the 1st to commentate that this maybe the big canary that could pummel pm's...
    Alot of hedgies on the hook, how it's handled will be big...all hush hush right now ...
    Could crush liquidity... >>



    Maybe, but 70 billion is small potatoes in the scheme of things unless there is a Domino affect i/e California, Michigan, Illinois etc.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • DrBusterDrBuster Posts: 5,379 ✭✭✭✭✭
    A bag full of small potatos can be a pretty big bag to peel.
  • rawteam1rawteam1 Posts: 2,472 ✭✭✭


    << <i>

    << <i>I'll be the 1st to commentate that this maybe the big canary that could pummel pm's...
    Alot of hedgies on the hook, how it's handled will be big...all hush hush right now ...
    Could crush liquidity... >>



    Maybe, but 70 billion is small potatoes in the scheme of things unless there is a Domino affect i/e California, Michigan, Illinois etc. >>


    Eyeroll, the implosion of a hedgefund is immaterial to i/e California, Michigan, Illinois etc... I don't see how your thought process on this one works.....
    keceph `anah
  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>I'll be the 1st to commentate that this maybe the big canary that could pummel pm's...
    Alot of hedgies on the hook, how it's handled will be big...all hush hush right now ...
    Could crush liquidity... >>



    Maybe, but 70 billion is small potatoes in the scheme of things unless there is a Domino affect i/e California, Michigan, Illinois etc. >>


    Eyeroll, the implosion of a hedgefund is immaterial to i/e California, Michigan, Illinois etc... I don't see how your thought process on this one works..... >>



    My line of thought was: PR going bankrupt. What kind of hedgefund exposure are you talking about?
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • rawteam1rawteam1 Posts: 2,472 ✭✭✭
    Refer to original post...
    keceph `anah
  • mariner67mariner67 Posts: 2,746 ✭✭✭
    "Maybe, but 70 billion is small potatoes in the scheme of things unless there is a Domino affect i/e California, Michigan, Illinois etc. "

    California is fine....Gov Brown at the helm.
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  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Been to Puerto Rico a number of times. Like everywhere else on Earth and the rest of the Universe, it's a package deal. Ya takes the good with the bad and do yer own math on the relative merits for you.

    Liberty: Parent of Science & Industry

  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    Like Greece, they cannot print their way out unless they leave the "union." More likely they'll join officially to get what's needed to bail them out.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I lived and worked in Puerto Rico for almost three years.... and other than tourism and some beautiful women, they have nothing to offer... Cheers, RickO
  • rawteam1rawteam1 Posts: 2,472 ✭✭✭


    << <i>I lived and worked in Puerto Rico for almost three years.... and other than tourism and some beautiful women, they have nothing to offer... Cheers, RickO >>


    Lol, they had some bond offerings though don't forget...lol...
    keceph `anah
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    One way or another the US will bail them out. It's not a country you'd want anyone else to come in and pick up. A well positioned, strategic island in the Eastern Caribbean. What difference does it make if the US debt goes from $18.326 TRILL to $18.414 TRILL? If there are derivatives linked in there that run back to the US banks....they will be handled similar to AIG.

    $370K in national assets per US citizen $819K in liabilities per citizen. Puerto Rico should shore up the difference. image

    Debt Clock
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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