Rodney Johnson writes The Rodney Johnson Report, which is published by HS Dent Publishing. He began his career in financial services on Wall Street in the 1980s with Thomson McKinnon and then Prudential Securities, where he was a bond trader. He started working on projects with Harry Dent in the ...
more Rodney Johnson writes The Rodney Johnson Report, which is published by HS Dent Publishing. He began his career in financial services on Wall Street in the 1980s with Thomson McKinnon and then Prudential Securities, where he was a bond trader. He started working on projects with Harry Dent in the mid-1990s, and joined forces with him in 1998. He’s a regular guest on several radio programs such as America’s Wealth Management, Savvy Investor Radio, and has been featured on CNBC, Fox News and Fox Business’s “America’s Nightly Scorecard, where he discusses economic trends ranging from the price of oil to the direction of the U.S. economy.
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Muni Mayhem: This Boring Sector Is Starting To Heat Up!
Wendell, I'm not as much of a fan of ETFs with their bond liquidity issues as I am of closed end funds like DMB. The issue with closed end funds is that most (like DMB) are leveraged. If the Fed raises rates in Sept, it will drive up the cost of leverage, lowering the returns on the fund, driving down the price. That could be a fabulous thing for those who wait to invest. Note - I do not own DMB.