MEMBER SIGN IN
Not a member? Become one today!
         iBerkshires     Berkshire Chamber     MCLA     City Statistics    
Search
Home About Archives RSS Feed
@theMarket: G-20 Weighs on Stocks
By Bill Schmick,
05:06PM / Friday, June 28, 2019
It wouldn't be a normal weekend in the financial markets without something to worry about. This weekend, it is the meeting of the two presidents, Trump and Xi, in Japan with $350 billion in new tariffs hanging on the outcome. What are the odds that they clinch a deal?   Not great, in my opinion. That doesn't necessarily mean that we need to brace for a worldwide economy-killing deluge of massive tariffs and counter-tariffs either. There is too much at stake for Donald Trump and China knows it. Instead, I expect we will get a classic Trumpian foreign policy "speak loudly and carry a little stick" maneuver.   Robert Lighthizer, our U.S. trade

0 Comments
Read More >>

The Independent Investor: Reverse Mortgages
By Bill Schmick,
04:17PM / Thursday, June 27, 2019
Some Baby Boomers have found themselves financially between a rock and a hard place. Rising costs, insufficient retirement savings and, in some cases, health issues, have forced seniors to consider taking out a reverse mortgage on the only asset they own. Is it a good idea?   For those who don't know, a reverse mortgage is a loan that uses a primary residential dwelling as collateral. It provides an option to generate cash by borrowing money against their home equity. Funds can be drawn as a fixed monthly payment, or a line of credit.   In order to participate, at least one owner must be over 62 years old. The bank or financial entity figures out what the

0 Comments
Read More >>

@theMarket: Stocks Should Move Higher From Here
By Bill Schmick,
04:09PM / Friday, June 21, 2019
It was a good week for investors. The S&P 500 Index hit an all-time high. The Fed indicated that they might cut interest rates sometime soon, and the President is once again optimistic about a China trade agreement. That’s a heady cocktail that could see markets gain another 3-5 percent over the next few weeks.   Of course, the critical caveat to my forecast remains President Trump's next tweet on the progress of a trade deal with China. As you know, with such a big “if” on the table, making future forecasts with even a modicum of certainty is impossible.   In last week's column, I enumerated all the scenarios that could play out,

0 Comments
Read More >>

The Independent Investor: Why FHA Loans Are so Popular
By Bill Schmick,
05:03PM / Thursday, June 20, 2019
Federal Housing Authority Loans have long been one of the most popular types of mortgage loans available. Roughly 20 percent of all mortgage applicants will choose an FHA loan because it makes total economic sense to do so. And the older you are, the more important having an FHA approved dwelling becomes.   To many, that may appear to contradict your understanding of the FHA loan market. Most believe it is a program to assist younger folks, who need a hand to purchase their first home. You wouldn't be far wrong from a historical perspective, but times have changed.   The FHA loan was originally designed during the Depression years to help home buyers,

0 Comments
Read More >>

@theMarket: Markets Expect Fed to Cut Rates
By Bill Schmick,
04:08PM / Friday, June 14, 2019
Investors can credit the Fed once again for the market's revival thus far in June. The buying is fueled by expectations of three rate cuts by no later than December. Is that wishful thinking?   While only 23 percent of investors expect a rate cut next week when the Fed meets, 83 percent do expect a cut in July. The odds of another cut in September are now at 63.8 percent, with a third cut in December, which is expected by over half of market participants.   Given that the Fed's job description is to keep inflation under control, while supporting robust employment, one or the other of those variables will need to change in order for the Fed to cut rates.

2 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