The U.S.A has been the only strong major economy in the world. “The U.S. still sits as a shiny city on the global economic hill,” says Kevin Mahn, chief investment officer at Hennion & Walsh Asset Management in Parsippany, N.J. …Read more

There’s also the non-zero possibility that a budget crunch will cause the federal government to rethink the tax deductibility of bond interest (a 1988 Supreme Court ruling says that they can). Bill Walsh, co-founder and president of municipal bond specialist …Read more

…Russia’s cash pile has dropped to a five-year low as its central bank spent more than $80 billion trying to slow the ruble’s retreat. The currency’s collapse combined with more than a 40 percent tumble in oil prices this year …Read more