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@theMarket: Corvid-19 Impact Coming Home to Roost
By Bill Schmick,
04:11PM / Friday, February 21, 2020
It began Sunday night with a warning from one of America's largest icons. Through the week, other companies followed suit, issuing warnings that the China-spawned virus is beginning to impact revenues and profits. Investors are bracing for further announcements in the days ahead.   Now that the Corvid-19 virus has been spreading out through the world for more than three weeks, some companies are beginning to get a handle on at least some of the damage that will incur to their businesses as the virus persists. Apple was the first major company to warn investors that their iPhone sales in China will take a hit in the first quarter. Since then, a number of companies have

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The Independent Investor: Can Politicians' Promises Be Believed?
By Bill Schmick,
10:08PM / Thursday, February 20, 2020
As the 2020 presidential election campaign heats up, so do the promises. Lower taxes for some, higher taxes for others, better health care, higher Social Security payments; whatever it takes to get elected seems to be on the table for now.   But most politician's promises are made to be broken. Once the candidate becomes the president, reality sets in and the blame game starts. "The House is against me." "The Senate won't cooperate." "The deficit is too large." "Spending is out of control."    The list of excuses goes on and on.   Truth be told, Donald Trump has come the closest to fulfilling at

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The Independent Investor: Economic Inequality Becomes Campaign Issue
By Bill Schmick,
06:32PM / Thursday, February 13, 2020
As Bernie Sanders takes the lead in the Democratic primary campaign, investors are beginning to take his socialist leanings to heart. But dire warnings from the opposition and Wall Street seem to have little impact. A look at the present income inequality in America goes a long way in explaining why.   Over the years, I have written a number of articles on the growing threat of income inequality and its damage to "the Great Center" — the American middle class. According to a new study by the respected Pew Research organization, over the past 50 years, the highest earning 20 percent of U.S. households have garnered a steadily increasing share of America's

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@theMarket: Central Banks Stem Coronavirus Fallout
By Bill Schmick,
11:48AM / Saturday, February 08, 2020
Financial markets rebounded this week, despite the escalation of the number of coronavirus cases worldwide. The upturn may have surprised some, but their mistake was underestimating the power of central banks to support the markets.   The bear case last Sunday evening was that the Chinese stock market would crater upon opening after being closed for Golden Week, the traditional Chinese New Year. While Shanghai did open down 9 percent, it quickly reversed and spent the rest of the week climbing out of that hole.   The main reason for this rebound was the announcement by Chinese authorities that they were prepared to support their financial markets. Publicly, they

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The Independent Investor: The Great Tax Migration
By Bill Schmick,
01:00PM / Friday, February 07, 2020
Americans have been moving from high tax states to lower tax states for decades.   Climate, cheaper housing prices, less congestion, and jobs are some of the reasons behind such moves. That trend, however, has added taxes to that list, thanks to the Tax Cuts and Jobs Act of 2017.   Many of those reasons for moving have been with us ever since Horace Greeley, the American author and newspaper man, reportedly first advised America's youth to "Go west." Back in 19th-century America, the country had embraced the concept of "Manifest Destiny." The Horace Greeleys of the world had argued that it was inevitable, justified, and our God-given

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