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OPEC’s poker game

The news this week that some OPEC members have at least agreed to talk, and possibly freeze production, had traders covering their oil shorts, sending crude up over 15%. But why should simply freezing production at multi-year levels stem oil’s price decline? read more…

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The stock market and you

If one listens to the chatter throughout the financial media, you are most likely at your wits end in worry. No matter how much we may tell ourselves that this is not another 2008, the gnawing doubt in the pit of our stomach remains. read more…

Back to the future

The Federal Reserve Bank postponed hiking interest rates. Global stock markets swooned on what should have been good news. We are back to anticipating what the central bank will do in the future. read more…

Mind the gap, please

As the unemployment rate drops toward full employment, the growing skills gap between business and labor is becoming a huge problem in this country. Fully 80% of manufacturers and small business owners can’t find qualified staff. read more…

How cell phones hurt your productivity

Forty-two years ago, when the cell phone was first invented, the new device was hailed as a major tool in boosting everyone’s productivity. Today, we are discovering that the opposite is true. The cell phone has become a major distraction. read more…

All or nothing

As traders steel themselves for next week’s Federal Open Market Committee meeting, the stock market remains volatile with a bias toward the downside. That should change for better or worse by next Wednesday. read more…

The economics of European migration

A stream of destitute refugees arrives on European shores every day. Greece, Hungary and Italy have borne the brunt of this migration, but the ocean of displaced persons this year has already swamped their resources. It is a life and death crisis that demands an answer now. read more…

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About Bill

Bill Schmick was born in a blue-collar neighborhood of Philadelphia, just a few blocks north of “Rocky Balboa” territory where most of his Catholic schoolmates grew up to be either cops or criminals. He narrowly escaped both professions by volunteering to fight in Vietnam as a U.S. Marine... Read More

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