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.
- U.S. Stocks Cap Volatile Period With Weekly GainsU.S. stocks closed little changed Friday, notching gains for the week in a deceptively calm end to one of the most volatile periods in years for global markets. […]
- Fed Officials on the Fence for September MoveFederal Reserve officials made clear this week they haven’t decided whether to raise interest rates next month, and the call has become more challenging amid the recent global market turmoil. […]
- A 'Black Swan' Fund Made $1 Billion This WeekUniversa Hedge Fund, a well-known ‘black swan’ fund, made more than $1 billion in profits in one week amid volatility. […]
- U.S. Stocks Cap Volatile Period With Weekly Gains