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December Personal Income Up 2.6%; Spending Rises 0.2%
by: Kyle Glazier
Thursday, January 31, 2013
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Personal income rose $352.4 billion or 2.6% in December following a revised 1% increase in November, while personal spending climbed $22.6 billion or 0.2%, the Commerce Department reported Thursday.

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Commentary - When It May Be Virtually Free to Be Tax Free
Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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