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Could Greece upset the applecart?

 

 

This week a parliamentary vote to elect a president failed in Greece. National elections have now been called for late January. The outcome could trigger a revolt against an austerity program that has brought years of suffering and pain to the population. read more…

Santa comes to Town.

Pessimists are on vacation this week. It doesn’t matter that the indexes are overbought. That markets are hitting new highs without a pause. It’s Christmas and Hanukkah week. The Big Guy has come to town. read more…

IRA Distribution Time

Information abounds on why and when you should contribute to a tax-deferred savings plan such as an Individual Retirement Account (IRA). Less is known about what happens in retirement when you have to take money out of these plans. For those who turned 70 ½ years or older in 2013, pay attention, because it’s distribution time. read more…

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The truth behind Black Friday

The disappointing 11% decline in brick and mortar retail sales on Black Friday took Wall Street and Corporate America by surprise. Excuses vary from the holiday shopping fad has run its course, to people just wanted to be with their families on Thanksgiving. Don’t believe it. read more…

The biggest Black Friday sale of all

This year while shoppers scroll through the Internet, jockey for position at the sales counter, or wait in line hoping to be one of the first 100 through the door, the really big sale is staring us in the face. And this one requires no money down. read more…

A virtuous circle

This week the stock market made a series of minor new highs. But China’s surprise move to lower interest rates caused global markets to surge on Friday. read more…

Is there a doctor in the house?

A doctor shortage in America has been predicted ever since the first Baby Boomers started to retire.  Now, that shortage is coming into question as technology and non-doctor, medical professionals are stepping forward to fill the gap. read more…

The Pipeline made simple

The U.S. Senate rejected passage of the Keystone Pipeline by one vote this week. The controversial energy plan will be back on the agenda, however, in January. For most of us, separating fact from fiction as both sides alter the facts is difficult at best, but here are some things we do know. read more…

Markets are in half time.

Stocks have had a wonderful run since mid-October’s swoon. The S&P 500 Index is now up over 10% from its bottom. As we approach another record high, expect some backing and filling before moving higher. I wish I could say the same about the price of oil. read more…

The U.S. and China Square off

 

In Beijing this week the annual Asia-Pacific Economic Cooperation summit is winding down. As representatives from its 21 member nations return home, one thing is certain.  China has become America’s main rival for influence in that region. 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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