29 Jun '15, 7pm

Grexit, now Prexit?

I try to refrain as much as possible from talking about news I read from Zerohedge, but honestly, the mainstream media outlets are so severely lacking and incompetent in highlighting the most pertinent news. I guess as media companies, they push to the front page whatever the crowd wants to read, not what the crowd needs to know. This looming Puerto Rico default – Prexit – is news to me. For those who don’t know what Puerto Rico is famous for, that’s okay. Puerto Rico has the 3rd most number of Miss Universe winners, after USA and Venezuela. Pictured below is the perfect example of why. Apparently they are also famous for beaches, but seriously now, who cares about that? Now, Miss Universes aside, Puerto Rico is facing a debt problem. As succinctly summarized by governor Alejandro García Padilla, “The debt is not payable. There is no …

Full article: http://thefinance.sg/2015/06/29/grexit-now-prexit/

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