Detroit and Chicago couldn't seem to be more different. The former is a manufacturing wasteland, except for the resilience of the Big Three, and it suffers from massive demographic and economic problems.
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- Investing in Mutual Funds: The Best Pick to Protect from Interest Rate Volatility
- What the Detroit Bankruptcy Means for Municipal Bonds
Right now investors should be investing in mutual funds that provide stability - not ones that chase yield.
A case can be made for the Fed doves who want to see rates stay low for a while, or the Fed hawks who want rate hikes now.
Now that Detroit is officially bankrupt, investors have one more reason to dump municipal bonds. Here’s why they should think twice before they do. Read more...