
April 25, 2016: Tax Free Municipal Bond Funds & Portfolios
We discuss tax free municipal bond funds and introduce their tactical portfolios.
We discuss tax free municipal bond funds and introduce their tactical portfolios.
We review recent major asset class trends. Our analysis indicates that the recent rally was more induced by the Federal Reserve’s dovish rate policy than any fundamental.
50 Ways to Leave Your Lover Happy Hippie Presents: Backyard Sessions – 50 Ways to Leave Your Lover performed by Miley Cyrus Click here to donate: http://happyhippies.org/#donate To launch The Happy Hippie Foundation, Miley created a new Backyard Sessions series and invitedspecial musical guests to perform with her to make these music video collaborations. Founded…
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The Untold History of Aretha Franklin’s Irrevocable “Respect” www.elle.com/culture/music/a35398/arethas-anthem/?src=longreads Aretha Franklin Best Rendition ‘Respect Live 1968 Aretha Franklin Day (Rare)’ Aretha Franklin – Respect (Live)
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Submitted by Doug Casey via InternationalMan.com,
I give a good number of speeches each year. For some time I've asked audiences a question: "What useful purpose does the U.S. government serve?" I do that not to be challenging or provocat…
On the one hand…
Source: Townhall.com
One can't help but look at the current debacle and consider whether, just as we warned, The Cloward-Piven strategy is reaching a pivotal moment…
In the mid-sixties at the height of the &ldquo…
Submitted by Pater Tenebrarum via Acting-Man.com,
Economic and Demographic Changes
We have discussed China’s debt and malinvestment problems in these pages extensively in the past (most recently we have looked at various efforts to keep the yuan …
Two weeks ago we showed something striking: while combing through Janet Yellen’s recently disclosed daily diary, we noticed that on February 11 and 12, the Fed chair held two critical phone calls, one with BOE governor Marc Carney and the next day, wit…
It doesn’t necessarily make sense to pay off student loans early if that means foregoing saving for retirement; plus, how the life-expectancy gap between rich and poor skews Social Security.
It doesn’t necessarily make sense to pay off student loans early if that means foregoing saving for retirement; plus, how the life-expectancy gap between rich and poor skews Social Security.
The massive magnitude 7.3 earthquake that struck Japan this afternoon, the strongest since the devastating quake of 2011, took place at night local time, and as such there was little available media coverage. As Japan wakes up, much of the destruction …
Submitted by Patrick Buchanan via Buchanan.org,
This week, SU-24 fighter-bombers buzzed a U.S. destroyer in the Baltic Sea. The Russian planes carried no missiles or bombs.
Message: What are you Americans doing here?
In the South China Sea, U.S. planes…
Now that not only Mario Draghi but also Ben Bernanke have joined in the loud and growing chorus of “economic experts” debating the arrival of the monetary paradrop and suggesting that that helicopter money “may be the best available alternative”, it is…
Succinct Summations for the week ending April 15th 2016 Positives: Initial jobless claims came in at 253k, down from 267k previously. S. and global stocks finished the week higher. CPI rose 0.1% m/o/m and 0.9% y/o/y. Core inflation rose 0.1% m/o/m. Bloomberg consumer comfort index came in at 43.6, better than the 42.6 expected. Mortgage…
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Submitted by Lance Roberts via RealInvestmentAdvice.com,
I noted in yesterday’s post that individuals, while still fully invested in the financial markets, are saying they are extremely bearish on the market. To wit:
“Speaking of the Fed,…
The president and first lady released their 2015 federal tax return, revealing that they paid an effective tax rate of nearly 19% on the income.
Fifty-one percent of U.S. adults believe the job market in the city or area where they live is good for job seekers. Those employed full time and nonwhites are far more likely to think that now is a good time to find a good job.
After a week like this:
Retail Sales Tumble
Industrial Production Plunge
Inventories-to-Sales Surge
30Y Yield UNCH
Oil UNCH
Small Caps +3%
This seemed appropriate:
This was the worst two-week period for US Macro surprises since Dec 1st 2015…..
The Citigroup boss aced both the living will and stress tests. He also has fashioned an efficient operation, evidenced by Q1 results. To improve on a 6.4 pct return on equity, though, will require…