Whole Foods = Portugal
In market capitalization, that is. And get this: The City of Portland's long-term debt is now greater than all the stocks in Greece.
| Posted at 5:47 AM | Permalink |
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Comments (6)
So now if W F = Portugal what the heck is EXXON?
And what will the new currency be?
Posted by portland native | July 2, 2012 6:36 AM
In defense of Greek Stocks, they're down about 90% from their highs.
If you project what Portland's bonds may be worth after their Chapter 9 filing, Greek Stocks may prove a better investment.
Posted by Mister Tee | July 2, 2012 6:49 AM
Isn't there a plan to pay Portland's bonds off in drachmas?
Posted by Allan L. | July 2, 2012 7:01 AM
Portland bonds will never be paid off, only rolled over.
Remember, PERS is not as bad as other states. Actually, PERS is good. Nothing to see here. Go back to sleep, and don't forget to vote. The children are our future, and $495M for the school bond is 50% of the last number they talked about. 50% off! Quite a deal!
Posted by Harry | July 2, 2012 7:10 AM
Does that mean that Portland's municipal bonds are toxic assets?
Posted by MJ | July 2, 2012 10:06 AM
Do we know how much, if any, debt of other entities Portland guarantees? It would be illegal, of course, but that doesn't seem to slow them down much in any other department.
Posted by dyspeptic | July 2, 2012 5:04 PM