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What’s wrong with this flight plan?

The next time you board a regional airplane remember this. The co-pilots responsible for your safety are making the minimum wage. That means they are earning about as much as the guy hauling trashcans outside your local supermarket or flipping fast food burgers and working a heck of a lot longer hours as well.  read more…

Hanging in there

Russia’s attempted annexation of the Ukraine, China’s internal economic woes, the less than auspicious enrollment numbers in Obama’s health care initiative are just a few of the difficulties that the stock market has had to overcome this week. Given the news, stocks are hanging in there. read more…

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Hire A Vet

Over 2.2 million of our men and women have served in Afghanistan and Iraq. Today 7.6% of them are looking for jobs. Hiring them should be a no-brainer for this country’s employers. read more…

Markets Mark Time

Questions concerning China and its economic future kept the market’s exuberance in check this week. Given that China is key to most global growth forecasts, any hint of a slowing of the Chinese economic engine is taken seriously.  This week we received a bit of bad news. read more…

Stubble and Scruff

Facial hair is back in a big way among men. That is nothing new, but the time, effort and expense of looking so scruffy might surprise you.

Back in the day, you were either clean shaven or grew a beard. During the Hippie Era, it was all long hair and beards, which sent many a barber to the poor house. Hair length gradually shortened, beards and moustaches were trimmed and barbers breathed a sigh of relief. Over a decade ago, American men grew older and fatter. To add insult to injury, their hair started to thin as well. The fashion industry quickly came to the rescue and convinced the nation that bald was beautiful.

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What do bonds and gold have in common?

U.S. Treasury bonds and the price of gold and silver have plummeted this week. Aside from the losses they have suffered, both securities represent what are called “risk-off” trades. The proceeds of those sales are being invested in the “risk-on” stock market.

How long before the Fed turns off the spigot?

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Clients Last? Welcome to Wall Street

Sam Rogers, head of trading: “And you’re selling something that you “know” has no value.”

John Tuld, CEO: “We are selling to willing buyers at the current market price.”

John Tuld: “So that we may survive.”

                                                            “Margin Call”

If you ever wondered where you stand on Wall Street, the op-ed opinion piece in yesterday’s New York Times is a must read. The fall out from the words of a 12-year veteran of one of the world’s most prestigious investment firm is resonating around the world.

Watch your Wallet

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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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