Washington’s massive spending will eventually mean higher taxes, but a little-known rule change taking affect in 2010 will allow investors to reduce their future tax burden.

Leading economists say the government's huge spending and recent actions by the Federal Reserve must inevitably lead to inflation. And believe it or not, that can be a profitable opportunity.

The California budget crisis is reaching full steam. With a $26 billion budget deficit, many see the risk of default as very real. But I doubt the state is going under, and with its bond prices falling, I am starting to look very hard at California municipal bonds -- and their 10% tax-equivalent yields.