Yesterday, May 2, the Puerto Rico Government Development Bank defaulted on approximately $422 million in debt payments! Long in fiscal disarray, this missed payment by Puerto Rico was merely the opening salvo in the Island’s debt crisis as over the summer approximately $2 billion more is going to be coming due. Consider for a moment why […]
Using a term that older readers will remember, ‘Black Monday’, these articles from around the world will bring you up to speed concerning today’s global financial angst! As Dow futures fall 600+ points, this article provides a collection of links from respected financial sources (plus one written by me) containing information you should be aware of regardless of […]
Janet Yellen discussed Fed policy and interest rates yesterday and, with the removal of the word ‘Patient’ from the current Open Market Committee statement, financial markets roared! Of course when it comes to Fed-speak the removal of one word, in this case ‘patient’, reminds one of another quite famous parsing of words when the phrase […]
