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Detroit, former motor powerhouse, filed Chapter 9 bankruptcy today. Chapter 9 is a provision of US bankruptcy law that allows municipalities to file; filings have been rare. However, Detroit will be the largest in Ch 9’s history, after Jefferson Co. … Continue reading
Although the din about rising inflation has diminished since about 2010, we still hear concern from clients now and then, particularly when discussing bond portfolios. Investors worry that committing to longer bonds at current “low” interest rates is a bad … Continue reading
Bond funds are all the rage these days. While stock funds keep losing assets as investors yank their money out, bond funds are gathering billions. Since March of 2011 investors have pulled $163 billion out of stock mutual funds. On … Continue reading
Ok, I am officially tired of writing about Europe, so I thought I’d tackle the most-oft question in my thirty years of managing money: should I pay off my house? We tell clients there are two aspects to paying off … Continue reading