Will The Crisis In Puerto Rico Affect US Markets?

As the crisis in Greece has threatened the European order, Puerto Rico reels on the verge of a similar collapse. As expected, the country defaulted on its debt payment this week, as it paid just a fraction of the $58 million bond payment, complicating an already complex situation. This follows an announcement by the island’s Governor Alejandro Garcia Padilla, who said months ago that the government would be unable to repay the $72 billion debt. Amid the uncertainty, investors ask one big question: will Puerto Rico’s crisis affect the US market?

What do you think?