Households stung by the limit on state and local income tax deductions are chasing tax-free municipal bonds. But it’s wise to proceed carefully. Source: NYT > Business – CARLA FRIED
Don’t Pay Too Much for Stocks That Pay Dividends
With interest rates low and high-yielding shares expensive, the search for income may lead to companies that steadily increase their payouts. Source: NYT > Business – CONRAD DE AENLLE
One Man vs. McKinsey: A Billionaire Says the Consultancy Has Rigged the Bankruptcy System
Jay Alix is waging a court battle against powerful advisory firm. McKinsey says he’s just a disgruntled competitor. Source: NYT > Business – MARY WILLIAMS WALSH
‘China’s Manhattan’ Borrowed Heavily. The People Have Yet to Arrive.
A largely empty urban district struggling with billions of dollars in debt demonstrates the breakdown of the Chinese economic growth model. Source: NYT > Business – ALEXANDRA STEVENSON and CAO LI
Trump Says Fed Should Cut Rates and Lift Economy
President Trump said on Friday that he wants another round of quantitative easing from the central bank. Source: NYT > Business – JIM TANKERSLEY
Modern Monetary Theory Finds an Embrace in an Unexpected Place: Wall Street
M.M.T.’s fans include Alexandria Ocasio-Cortez, Bernie Sanders — and financial analysts at Goldman Sachs, Nomura and GMO. Source: NYT > Business – PATRICIA COHEN