The 35% subsidy from the federal government, i.e. taxpayers, to the states is about to end. $185 billion in these bonds was issued in 2010. With the House changing hands next year it is unlikely the program will be resurrected. Watch for a very rough year for muni bonds in 2011.
- Ruble Faces New Wave of PressureA new wave of pressure is hitting Russia’s ruble as the market is becoming convinced that the central bank won’t be able to halt its slide. […]
- Stocks: How to Play DefenseSome specialized funds are designed to hedge risk, but they may not be the best choice. […]
- The New Rules of Estate PlanningA higher exemption for the federal estate tax is shifting the focus to minimizing capital-gains taxes and state levies. Here are the latest strategies. […]
- Ruble Faces New Wave of Pressure