Puerto Rico is in serious trouble. It was in serious trouble before Hurricane Maria because of its fiscal position. Now? Just be glad you don’t live there.
We are going to revisit this issue later today. As horrific as this situation seems to be, and it appears to be getting worse, there are going to be huge economic opportunities for the island in the coming years. That is if it can overcome its legacy of Latin crony capitalism. And that is a big IF.