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.
- Global Stocks Rise on Upbeat EarningsGlobal stock markets were largely upbeat after the U.S. Federal Reserve refrained from sending clear signals that it would raise interest rates in September, and with robust corporate earnings providing cause for greater optimism in Europe. […]
- Deutsche Bank Beats ForecastsDeutsche Bank reported a sharp rise in second-quarter profit driven by unexpectedly strong investment banking revenues and lower overall taxes, but warned challenges still remain. […]
- Facebook's Heft Comes at a CostAs Facebook grows off a huge base, it is getting expensive. […]
- Global Stocks Rise on Upbeat Earnings