As legislation to provide Puerto Rico debt relief hits a snag in Congress, a Height Geopolitical Risk commentary is relatively optimistic as their “base case includes passage of a PR bill in Congress.” The bill, categorized as a “bailout” by the opposition, involves no government funding. The issue is how political leaders move beyond what currently appears like a minefield where disagreement might mean missing an important default deadline. Sources close to the negotiation, however, predict a solution will be reached, but timetables at this point remain unclear, with some analysis pointing to early Summer when the Senate will finally wrap…
Puerto Rico Debt Compromise Likely, "Bi-partisan Model"
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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