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Baby Boomers and Retirement

 

The nation’s workforce has experienced some traumatic events over the past five years. Between the financial crises, global competition and the slow pace of domestic economic growth, is it any wonder that employment in the U.S. is not what it should be? Yet the biggest challenge of all may be right around the corner as the Baby Boomers retire in droves. read more…

Labor on their mind

 

It is that time of the year again when the world’s central bankers gather together in Wyoming to sort out the economic conditions of the global economy. This year most bankers will be looking at labor growth, or lack thereof, and what to do about it. read more…

Financing ISIS

 

Out-gunned, out-manned and out-financed, terrorists should be logically on the losing end of any combat engagement. And yet,   they exist and sometimes flourish despite the odds. Much of their success can be attributed to cash, the life blood of any army, and their increasingly sophisticated method of raising.it. read more…

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Summertime Blues

 

On Tuesday the S&P 500 Index hit a new high for the year. The index has been digesting that gain every day since. Contrary to what you might think, that is a good thing. read more…

The Middle Class Dilemma

 

Two national statistics in the last month underscore the nightmare of being a member of America’s Middle Class. The cost of raising a child is up again to $235,000, while the income generated by those same families is “suffering its worst decade in modern history.”

The Middle Class is between a rock and a hard place

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Will the Fed Ease?

 

            New doubts began to surface this week on whether the Federal Reserve Bank is truly ready to stimulate the economy as early as the end of August. Given that the markets are at year highs on the anticipation of another round of bond buying, you need to ask yourself what will happen if they don’t. read more…

Is Krugman Right?

Economist Paul Krugman, Nobel Laureate and New York Times columnist has suggested a solution to this Great Recession. It is a controversial suggestion and one that flies in the face of today’s political wisdom. It just might work. read more…

Watching Thin Paint Dry

 

This week I have had a hard time deciding what’s worse: this summer’s heat and humidity or the meandering markets. The averages barely budged over five days and the volume was, well, atrocious. read more…

Mars is only the beginning

Hurrah for us. The “Curiosity” landing on Mars was the most complex landing NASA has ever attempted. The mission cost taxpayers $2.5 billion, but if history is any guide the economic payback to America will be much greater than that. 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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