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Closed-end management investment company
California is dreaming of sound fiscal management, but that's not what they elected with Jerry Brown & Co.
Shorting fixed income is an easy way to beat the S&P 500 WHEN the S&P does well, but it is an equally awful way to under perform when the S&P does poorly. As a side note I'm interested in the Supreme Court Ruling on the tax ability of State Municipal Bonds.
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