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Gay marriage comes of age

 

This week’s historic Supreme Court ruling could be a wind-fall for gays married and living in at least 13 states and the District of Columbia. That accounts for about two thirds of gay marriages in this country. For the rest, things are not so clear. read more…

Summer swoon

 

So far this market is performing as predicted. The sell-off began at the end of May and June is shaping up to be just as disappointing. July should be no great shakes either but all this means is the markets are setting up for a great fall and winter. read more…

The Fed Speaks

 

You would think the world was coming to an end, given the global investment community’s reaction to Fed Chairman Ben Bernanke’s press conference on Wednesday. Evidently, we are so addicted to the Fed’s multi-year stimulus program that even a hint that the party may be coming to an end is a major cause of concern. read more…

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Enough Already!

 All week the markets have hung on every word coming out of Washington. Nothing else has mattered: not earnings, not Europe’s problems, not even the second coming of Christ could have distracted investors. Now that both political parties have achieved what they wanted, let’s please stop the monkey business before it’s too late.

Pass the damn bill!

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One Down, One to Go

            On Friday the European Union announced a new $157 billion bailout plan for Greece. The scope of the plan went much further than most investors expected. It promised to finance all countries that need bailouts for as long as it takes for them to recover. There’s more.

Storm clouds are disappearing

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Europe Goes the Full Monty

Full Monty — “everything which is necessary, appropriate, or possible; ‘the works’”, Oxford English Dictionary

A new rescue plan for Greece is being hammered out in Brussels today. Although the details are yet to be released, it appears that the European Community is finally going for an overall plan that will do more than just band aid over the debt crisis of southern Europe.

European leaders bite the bullet

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What If?

This week the scales finally tipped. The phones began to ring and each call was roughly the same.

“What are the chances the debt ceiling won’t be raised?”

“What happens if the politicians can’t make a deal?’

“What will happen to my investments if the worst case scenario happens?” read more…

Emerging Markets: Times are changing

Emerging markets are no longer monolithic

While the investing world is distracted by the U.S. debt ceiling crisis and the on-going drama of Italy and Greece, I’ve noticed that a small but increasing stream of money is finding its way back into some emerging markets.  read more…

Jobless Number spoils the Party

Up until Friday’s disappointing unemployment numbers, the stock market appeared ready to regain the year’s high all in one week. However, the ugly news that the nation hired a meager 18,000 of our unemployed dashed investor’s hopes that the economy might be gaining strength in the second half.

18,000 jobs? Ugly, ugly, ugly!

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Time is Running Out

By now we have reached our debt limit of $14.294 trillion here in the United States. As you read this, the U.S. Treasury is already shuffling bits of electronic paper around to stay current on our nation’s debt payments. By August 2 even this desperate farce will have come to an end.

The debt ceiling deadline looms closer

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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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