In the wake of the US House passing a bi-partisan bill addressing Puerto Rico’s debt issues, eyes turn to the Senate. This is where a rush to finalize a deal still involves negotiation, but Senators are required to cram on this exam as issue divisions are drawn and a July 1 vote deadline approaches. In this environment of “Budget Madness,” a June 16 Height report under the same title notes that bondholders could receive “higher-than expected payouts” as political patronage is addressed. Political leadership in Puerto Rico having issues with control of patronage spending On April 15, ValueWalk first reported the…
Senate Rushed To Pass Bipartisan Puerto Rico Legislation
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.