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Income Inequality on a Global Scale


Income inequality has suddenly become a hot topic. Think tanks worldwide are releasing studies on the issue.  In this country, the President has made it a political issue in the mid-term elections. This week in Davos, the World Economic Forum will take up the gauntlet as well. It’s about time. read more…

A Cause to Pause


Markets usually need something to move them. Good news or bad, the markets want an excuse to go up or down. Now that the government, the debt ceiling, the budget and the Fed are temporarily out of the picture, investors are finally focusing on something meaningful—earnings. read more…

The internet will change


“Net Neutrality” is the official name for an open internet. It means that all internet providers are to be treated the same regardless of whether you are a mom and pop company or a global behemoth. This week’s federal appeals court ruling pulled the plug on that concept. read more…

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Credit: the real cause behind The Great Recession

It has been almost five years since the start of the financial crisis. In its second year, the so-called recovery has been disappointing, unlike any other economic cycle since World War II. At the heart of this failure lies our country’s inability to recognize why this time it is truly different. That difference can be summed up in one word—credit. read more…

“Play it again, Sam”

“Play it once, Sam, for old times’ sake, play ‘As Time Goes By’.”–Ingrid Bergman

“You played it for her, you can play it for me…If she can stand to listen to it, I can. Play it.”–Humphrey Bogart.


The Same Old Song?

Last year the bull market rally began to run out of steam on May 2nd. Over the next two months, the Dow fell 1,000 points to the 11,900 level. There was then a rally that took the averages back up to a little over 6% before giving up the ghost once more on July 26th . It continued to decline until the beginning of October, falling all together about 20%. read more…

Cyber Attacks: Who is on the frontline?

John McClane (Bruce Willis): Hey, what’s a fire sale?

Matt Farrell (Justin Long):  It’s a three-step… it’s a three-step systematic attack on the entire national infrastructure. Okay, step one: take out all the transportation. Step two: the financial base and telecoms. Step three: You get rid of all the utilities. Gas, water, electric, nuclear. Pretty much anything that’s run by computers which… which today is almost everything. So that’s why they call it a fire sale, because everything must go.”

 Live Free or Die Hard

There is a war being waged today in this country, one that could have severe repercussions for each and every one of us. It is costing us billions of dollars a year and yet neither business nor government wants to spend the money necessary to fight back. read more…

A Sea of Red

Friday’s unemployment rate was a real downer for the markets. Although the unemployment rate itself dropped from 8.2% to 8.1%, that number was deceiving. The markets immediately saw through the headline number. The resultant decline was hefty. read more…

“Sell in May and Go Away?”

If I hear one more person spout that line, I think I’ll go nuts. Suddenly, because this cliché has worked for the past two years, it has become Gospel to believe it will happen again this year.   Investors should be wary.

Will stocks wilt in May?

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The Devil is in the Details

It has now been over three years since the CARD Act was signed into law. You remember that bit of consumer legislation that sailed through congress with nary a nay vote. How then have the Credit Card Accountability, Responsibility and Disclosure Act performed since inception? read more…

Fly Me to the Moon

Good news is good news but bad news is even better news for the stock markets. If you doubt that, just look at recent events and how investors have reacted.

Markets Blast Off

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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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