MEMBER SIGN IN
Not a member? Become one today!
         iBerkshires     Berkshire Chamber     MCLA     City Statistics    
Search
Home About Archives RSS Feed
@theMarket: Ignore the Noise and Profit
By Bill Schmick,
03:51PM / Friday, June 22, 2018
The world is in turmoil. The news is all bad. Trump is threatening to up the ante on tariffs. NAFTA is kaput. Our trade partners hate us. China won't back down and, if you have time to spare, you are reading about immigrant kids locked in Texas dog cages by order of the president. So why is the stock market holding up?   The fundamental reason remains the same. Under all the muck, there is and will continue to be a bid under the stock market. In past columns, I have explained why — corporate stock buybacks, M&A, higher dividends coupled with a strong economy and low-interest rates.   If you look at the technicals, which I do, every sell-off seems

0 Comments
Read More >>

The Independent Investor: The Next Recession
By Bill Schmick,
05:27PM / Thursday, June 21, 2018
Over half the economists on Wall Street believe that by the end of 2020, we will experience our first economic downturn in years. If so, when might you begin to prepare for a rocky two-year period for all of us?   The good news is that we still have another year or so of stock market gains, job growth and more importantly, wage growth. As it stands, the U.S. is currently enjoying its second-longest economic expansion in history with an unemployment rate that hasn't been this low in decades. Wage growth, after languishing for years, is expected to top 3 percent by the end of 2018, while GDP could achieve greater than 3 percent this year and a further 2.5 percent next

0 Comments
Read More >>

@theMarket: Trump's $50 Billion in Chinese Tariffs Trashes Markets
By Bill Schmick,
10:46AM / Saturday, June 16, 2018
Investors waited all week for President Trump's verdict. On Friday, he did not disappoint his followers. He decided to move ahead with plans to slap $34 billion in tariffs on Chinese imports. Stock markets worldwide fell on the news as investors await a Chinese response.   And China will respond. Chinese trade officials have already outlined their planned retaliation. China will match Trump's 25 percent tariff on 818 products by doing the same on 106 American goods worth about $50 billion.   We can expect an accelerating war of tit-for-tat tariffs in the weeks ahead. For example, the United States Trade Representative plans to add an additional 284

0 Comments
Read More >>

The Independent Investor: How to Avoid Recession? Emigrate to Australia
By Bill Schmick,
03:13PM / Thursday, June 14, 2018
  — "New Colossus" by Emma Lazarus (Statue of Liberty)   This "land down under" has escaped an economic recession for 26 years in a row. An open immigration policy in a nationalist world that demands just the opposite is one of the key drivers to their success. An abundance of natural resource wealth has also helped.   Readers would need to go back to the late 1980s, early 1990s, to find two quarters of negative growth (the definition of an economic recession) in Australia. Back then, Australia was noted for its boom and bust economy. Throughout their 160-plus year history, mining booms in gold,

0 Comments
Read More >>

The Independent Investor: Trump's trade war
By Bill Schmick,
03:52PM / Thursday, June 07, 2018
Over the weekend, the G-7 group of nations met to denounce the recent actions of the United States. This coming Friday, these same leaders convene in Quebec. President Trump will attend and seems determined to face them down.   Ever since the Trump administration announced plans to raise tariffs on imported steel and aluminum by 25 percent and 10 percent respectively, our allies have been livid. Some are referring to the upcoming meeting as the G-6, plus the United States. You've got to hand it to the president, he doesn't back off, but given the circumstances, maybe he should.   I doubt that anyone in this country believes the present trade agreements

0 Comments
Read More >>

NorthAdams.com is owned and operated by: Boxcar Media 106 Main Sreet, P.O. Box 1787 North Adams, MA 01247 -- T. 413-663-3384 F.413-663-3615
© 2008 Boxcar Media LLC - All rights reserved