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The Droning of America

 

Whether you call them unmanned aerial vehicles, remotely piloted aircraft or simply drones, these remote-controlled devices are expected to become a big business both here and abroad over the next decade. The question is whether this new technology will impact our lives in ways we are willing to accept. read more…

From Russia with Love

 

Stocks rallied this week as news that the world may have found a way to resolve the looming confrontation between the U.S. and Syria. If so, investors can thank Russia for the solution and a much-needed deal that might actually extend into a brokered peace. read more…

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Deja Vu

“U.S. stocks opened higher Thursday as the Federal Reserve and four of the world’s other major central banks agreed to make U.S. dollars more readily available in Europe’s struggling financial system.”

“… Early Thursday, investors welcomed the news that the Fed — along with the central banks of England, Switzerland, Japan and the euro zone — is coordinating a program to boost dollar liquidity in the region.”

                                                                           CNNMONEY, September 15, 2011, 9:47 A.M.

            The markets are climbing in celebration that the central banks of the world are combining and coordinating their immense financial power to bolster Europe’s struggling banks. The message the ECB is trying to telegraph to investors is that Europe is not going to allow a Lehman Brothers-type disaster occur within their community. Why then am I so worried?

Keep your eyes on Europe

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Sitting this one out

Trading in the stock market right now is akin to having your pocket picked by a blind man whose pocket you just picked a moment ago. In other words, get to the sidelines if you aren’t already there.

Get off this roller coaster. It's going the wrong way.

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How much has 9/11 cost us?

Picture an entire fleet of brand new Nimitz-class aircraft carriers, chock full of the latest stealth aircraft that money can buy, then double it. That’s about the size of the dollar and cents differences one finds in trying to estimate the costs of 9/11. Just how large is the range? read more…

Fed Passes the ball to Congress

By now everyone knows the outcome of Ben Bernanke’s speech at Jackson Hole on Friday. For those looking for a cure-all from the chairman of the Federal Reserve, his speech was a disappointment.

Bernanke tosses the ball

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Can the Fed avert another selloff?

            The safe bet would be to write about something else because by the time you read this Federal Reserve Bank Chairman Ben Bernanke will have already given his speech in Jackson Hole, Wyoming scheduled for Friday morning. I’m betting that whatever he says won’t be enough to save the stock market from further decline.

All eyes on the Fed

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Where is the Bottom?

            Everyone seems to be looking for the same thing, an end to the pain, an end to the stress, a place where the selling stops. It’s called a bottom and it appears to me that we haven’t found one yet. read more…

European Banking Crisis

Investors are selling first and waiting for the facts later. Few can blame them given their experience in 2008-2009. Investors in the stock market sustained huge losses by naively believing that the financial sector and the government were in control of that crisis. This time around, no one believes anything they say.

Germany's engine is running out of steam

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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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