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Why retire?

Back in the day, retirement was equivalent to that golden ring on every small town carousel. It was your reward for a life of hard work, saving and struggle. Today, like that disappearance of the carousel, fewer and fewer Americans see retirement as an attractive alternative to working. read more…

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A shift in leadership

 

Throw out the new, embrace the old, not something you see often on Wall Street. But as technology stocks and other high flyers continue to get trounced, utilities and other oldies but goodies are doing quite well. read more…

Inequality in the housing market

 

 

“You, you said that they — What’d you say just a minute ago? They had to wait and save their money before they even thought of a decent home. Wait? Wait for what?! Until their children grow up and leave them? Until they’re so old and broken-down that — You know how long it takes a workin’ man to save five thousand dollars? Just remember this, Mr. Potter, that this rabble you’re talking about, they do most of the working and paying and living and dying in this community. Well, is it too much to have them work and pay and live and die in a couple of decent rooms and a bath?”

George Bailey, “It’s a Wonderful Life”

 

The most expensive home ever sold in America occurred over the weekend in “The Hamptons,” Long Island’s playground for the one percent. Just a week before that a Greenwich, CT estate sold for $120 million. At the same time, the percentage of America’s first-time home buyers is at its lowest level since 2008. What does that say about homeownership in the United States? read more…

Headlines can be deceiving

 

It was a great April non-farm payrolls labor report. The headlines read that job growth in the Unites States increased at its fastest pace in over two years, while the unemployment rate fell to a five-year low.  Taking a peek beneath the headlines, however, all is not as it seems. read more…

What’s up with Big Pharma?

This week several multi-billion dollar deals were announced in the pharmaceutical sector. Mergers and acquisitions on a global scale appears to be heating up in this sector with over $140 billion in transactions so far this year. What’s behind this feeding frenzy? read more…

Blood in the Streets

 

Investors began to focus on events in Ukraine this week as a continuing stalemate between Russia and the West erupted in gunfire. That bloodshed stopped the market dead in its tracks. The question is, for how long? read more…

Easter Bunny Bounce

 

This holiday-shortened week saw a relief rally that began on Monday and carried through until Thursday. The markets still have further to go in the coming week before we once again reach the top of this four month long trading range.  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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