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.
- Nickel's Slide Extends Roller-Coaster RideNickel prices have sunk to their lowest level since March, extending a roller-coaster year for investors, amid a gloomy economic outlook and fallout from a trade-financing scandal in China. […]
- Junk-Bond Prices Bounce BackJunk-bond prices have bounced back after their steepest decline in more than a year, underscoring the thirst for higher-yielding investments despite concerns about an overheated market. […]
- Clouds Darken for Blue ChipsBlue-chip companies are posting poor growth as their once-reliable formulas for success left them too big to switch tack quickly when market conditions changed. […]
- Nickel's Slide Extends Roller-Coaster Ride