Puerto Rico’s Inevitable Default

As I have said before, the impossible never happens, while the inevitable always does. And as Puerto Rico’s governor has said before, it is impossible for the island to repay its $72 billion in public debt. So Puerto Rico’s default was inevitable The commonwealth’s Government Development Bank failed to repay almost $400 million this week. […] View the full post at: Wall Street Pit Related posts: Will Dubai Default? Soros: Default Risk for Greece Remains Remote Tax Increases: Accepting The Inevitable