MEMBER SIGN IN
Not a member? Become one today!
         iBerkshires     Berkshire Chamber     Berkshire Community College     City of Pittsfield    
Search
Home About Archives RSS Feed
The Retired Investor: Auto Insurance Premiums Keep Rising
By Bill Schmick,
04:36PM / Thursday, February 15, 2024
Forget fuel and food, auto insurance leads the way in areas where inflation is ramping higher. The rise in premiums has far outpaced the overall inflation rate and we could see further gains in 2024.    Auto premiums are up 43 percent in the past three years and there is no sign the rate increases are over. In 2023 alone, auto insurance prices rose 19.2 percent, as registered by the Consumer Price Index (CPI). The January 2024 CPI data just released this week shows a 20.6 percent increase from last year. It is one of the greatest contributors to the inflation rate and exceeded the price gains in almost every other spending category.   Industry analysts'

0 Comments
Read More >>

@theMarket: Melt-up in Markets Fueled by Momentum
By Bill Schmick,
01:44PM / Friday, February 09, 2024
Stocks are climbing, scaling new heights while euphoria abounds. Momentum is pushing the technology sector, and AI stocks in particular. How long can it last and how high can it go?   It is the question on the minds of many on Wall Street. At this point, the consensus opinion is that we are due for a pullback. Even the bulls are getting worried as valuations become stretched.   However, valuations are in the eye of the beholder. While the price-earnings ratio of the market is about 21 percent, if you remove a handful of mega-cap stocks the average is only 17 times earnings. That handful of stocks has accounted for more than 50 percent of the gains this year in

0 Comments
Read More >>

The Retired Investor: Electric Vehicles Hit a Speed Bump
By Bill Schmick,
04:13PM / Thursday, February 08, 2024
Electric vehicles are piling up in dealer lots. Consumers are by-passing EVs for gas-powered autos and hybrids while unwanted EVs sit at the dealerships for months. Production is being cut at the Big Three auto companies. What happened to the EV boom?   The green revolution promised that electric vehicles were the wave of the future. Government incentives were offered to boost purchases in the name of clean energy as a way to fight climate change. Over the last few years, wealthy American consumers waited in long queues for their chance to plunk $75,000 or more down for their vehicular status symbol.   Auto producers worldwide scrambled to build their version of

0 Comments
Read More >>

@theMarket: Jobs Jump But the Fed Disappoints
By Bill Schmick,
02:40PM / Friday, February 02, 2024
It was one of those weeks. A gauntlet of data had investors working overtime to figure out where stocks and the economy were going. At the same time, the Fed told investors that a March rate cut was off the table. And then the job data was announced.   The non-farm payroll report for January came in at almost double market expectations. Economists were expecting 185,000 gains, but the U.S. economy created 353,999 jobs. That was a blowout number that had traders torn between selling the market (because of the inflation implications) or buying it due to what it might say about future growth.   Strength in the job market and wages would mean the Fed will delay

0 Comments
Read More >>

The Retired Investor: Economics According to Trump Supporters Part II
By Bill Schmick,
04:32PM / Thursday, February 01, 2024
The economic condition of the country has convinced a minority of the population that the only person who can save the country from economic ruin is Donald Trump. The growing budget deficit and persistent inflation are two areas of growing concern for that bloc of voters.   However, more and more Americans are paying attention to those areas as we head into 2024. Last week, I pointed out some areas of economic contention between Trumpers and those against him such as illegal immigration. Inflation is another major gripe for Trumpers. That seems to fly in the face of economic facts.   The inflation rate has dropped in half over the last year, according to

0 Comments
Read More >>

Pittsfield.com is owned and operated by: Boxcar Media 106 Main Sreet, P.O. Box 1787 North Adams, MA 01247 -- T. 413-663-3384 F.413-663-3615
© 2008 Boxcar Media LLC - All rights reserved