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Municipal Bonds

Another Flash Crash or Market Shutdown?

Michael Farr | Posted 09.11.2014 | Business
Michael Farr

Technology seems to have solved the trade execution issue, so I don't foresee an overwhelming market shutdown. Fidelity now offers an amazing 1 second trade confirmation guarantee.

Loan Me $250,000. Please!

Michael Farr | Posted 09.04.2014 | Money
Michael Farr

I want to buy a house. Would you be willing to loan me $250,000 for 30 years at 4.25 percent? Your answer is crucially important. Before you answer, keep in mind that you will be taxed on the interest you receive.

Margins Remain Suspicious

Michael Farr | Posted 08.22.2014 | Business
Michael Farr

So what are the causes for optimism with regard to future earnings power? Well, the most notable are probably the recent sharp decreases in interest rates and gas prices.

Enough Fed! Give Free Markets a Chance!

Michael Farr | Posted 09.24.2014 | Business
Michael Farr

The widespread expansion of credit to car-buyers, especially to sub-prime borrowers, is beginning to cause some industry observers to cry "bubble." Is this economic progress?

More of the Same

Michael Farr | Posted 08.18.2014 | Business
Michael Farr

As expected, the Federal Reserve stuck to its pattern of reducing asset purchases by another $10 billion. The monthly pace is now down to just $35 bi...

What's Going on With Interest Rates?

Michael Farr | Posted 07.29.2014 | Business
Michael Farr

An aggressive rally in the Treasury market this morning has resulted in the lowest 10-year Treasury yield since June of last year.  Nearly everyone is looking for an explanation as to why longer-term interest rates continue to fall in the face of reduced Fed support and better economic data.  So what is going on?

Tracking Earnings

Michael Farr | Posted 07.19.2014 | Business
Michael Farr

While the overall quality and composition of earnings in the 1Q may have improved somewhat, index earnings growth remains highly dependent on margin expansion.

Economists Are Wrong

Michael Farr | Posted 07.07.2014 | Business
Michael Farr

To boil things down, there are really only two roads we can follow in an environment of such as this. The economy will either muddle along at a sub-par rate of about 2 percent until balance is restored, or we go down the path of running up debt in an effort to produce higher growth rates in the near term.

Market Noise and Fed Messaging

Michael Farr | Posted 06.16.2014 | Business
Michael Farr

So far this year, the mid-cap banks are outperforming their behemoth cousins, and we now may know why. The big question, though, is how detrimental have these new regulations been to the economic recovery?

Why Municipal Bonds Might Be A Good Investment For You, From Suze Orman (VIDEO)

Posted 03.03.2014 | MarloThomas

When it comes to advice on where senior citizens should invest their money, personal finance expert Suze Orman thinks municipal bonds are a great opt...

Mother Nature Clouds the Outlook

Michael Farr | Posted 04.27.2014 | Business
Michael Farr

How much of the slowing can be blamed on Mother Nature? Nobody knows for sure, of course, but there is enough reason to believe that the brisk pace of growth recorded in the second half of 2013 will not be sustained in 2014.

The VIX Also Rises

Michael Farr | Posted 04.05.2014 | Business
Michael Farr

The more people working, earning income and spending, the greater the economic benefits. The masses move the needle, not the 1% at the top.

Government Blows Deadline To Prosecute Bankers

Reuters | Posted 02.08.2014 | Business

By Jonathan Stempel NEW YORK, Dec 9 (Reuters) - A federal appeals court said the U.S. government had waited too long to prosecute thre...

Detroit: I'm Emotionally Invested

Roz Warren | Posted 10.15.2013 | Detroit
Roz Warren

I can't give up on Detroit. I'd rather hope, against long odds, for a successful comeback. Growing up, I was a diehard Tigers fan. Believing in the underdog was a way of life. I may no longer live there, but I'm still rooting for my old home town.

The Detroit Bail-in Template: Fleecing Pensioners to Save the Banks

Ellen Brown | Posted 10.06.2013 | Detroit
Ellen Brown

In Cyprus, the depositors were "bailed in" (stripped of a major portion of their deposits) to re-capitalize the banks. In Detroit, it is the municipal workers who are being bailed in, stripped of a major portion of their pensions to save the banks.

How Detroit's Bankruptcy Impacts Muni Bonds...

AP | MATTHEW CRAFT and CHRISTINA REXRODE | Posted 08.05.2013 | Detroit

NEW YORK -- When Detroit became the biggest city in U.S. history to file for bankruptcy last month, it turned public attention to the municipal-bond m...

How The Detroit Bankruptcy Is Impacting The Bond Market

Reuters | Posted 09.18.2013 | Business

NEW YORK, July 19 (Reuters) - U.S. municipal bonds fell the most in nearly a month on Friday as news that Detroit had filed for the largest municipa...

Government Money Promises: Think Twice

Terry Savage | Posted 08.18.2013 | Business
Terry Savage

What happens if the United States government doesn't keep its promises? That's not an idle question if you're planning for retirement. The United S...

Feds Hurting Economy With Move Against Municipal Bonds

Tom Cochran | Posted 06.15.2013 | Politics
Tom Cochran

Buried in the pages of President Obama's most recent budget proposal is a provision that stands to severely undermine the economic health of local communities across the country.

John Celock

Tea Party Sympathizers Target Kentucky Library

HuffingtonPost.com | John Celock | Posted 11.29.2012 | Politics

A group of Tea Party sympathizers in Pulaski County, Ky., is trying to shut down the county library system's special taxing district over a tax hike, ...

Bankers' Rigging Cost Desperate Cities, States BILLIONS

The Huffington Post | Mark Gongloff | Posted 10.09.2012 | Business

If you think Libor fraud is a victimless crime, the muni-bond market has 6 billion reasons it begs to differ. States, cities and other municipal bo...

Bankers Guilty Of Scamming U.S. Cities

Reuters | Posted 10.31.2012 | Business

* Part of U.S. probe of $3.7 trillion muni bond market * Fraud by ex-UBS employees spanned five years -prosecution * Def...

Report: S&P, Moody's Inaccurately Reporting Critical Stat

The Huffington Post | Bonnie Kavoussi | Posted 08.17.2012 | Business

After bank analyst Meredith Whitney prophesied a wave of defaults by U.S. cities two years ago, many investors mocked her when her prediction failed t...

Report: Rating Agency Drastically Underreporting Muni Defaults

The Washington Post | Danielle Douglas | Posted 08.16.2012 | Business

Defaults on municipal bonds for decades have been far higher than reported by rating agencies, bringing into question the true risk of a common inves...

Scranton Cuts A Deal To Pay Cops And Firefighters For Doing Their Jobs

The Huffington Post | Alexander Eichler | Posted 07.31.2012 | Business

Good news, Scranton firefighters: You will once again be making more than the fry cook at your local McDonald's. The city of Scranton, Pennsylvania...