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: Time to Rebuild the Strategic Petroleum Reserve?
By Bill Schmick,
03:19PM / Friday, November 25, 2022
The nation's Strategic Petroleum Reserve (SRP) has been reduced by more than 25 percent over the last year. That is the lowest level in 40 years. Oil had dropped below $80 a barrel mark this week, causing some critics to argue that it might be time to start building the SRP back up. I disagree.   My reasoning centers on a handful of geopolitical events that could send oil prices soaring in the first week of December. To understand how important the SRP might be in that case, one needs to know more about the Biden administration's use of the SRP since 2021.   A year ago this month, on Nov. 23, 2021, President Joe Biden announced the release of oil from

1 CommentRead More >>

@theMarket: Markets on Hold
By Bill Schmick,
10:31AM / Saturday, November 19, 2022
Thanksgiving is right around the corner and then the Christmas holidays are upon us. Will Santa deliver coal, or will the stock market find gains in their stocking?   The bulls are expecting a pretty good market between now and year-end. Historically, the evidence is on their side, although there have been several years when the Grinch stole Christmas, stocks usually gain during the coming holiday season.   On the other hand, history has not been as reliable in predicting the market's direction of late. That is understandable, given the continuing presence of COVID mutations, a European War, soaring inflation, and rising interest rates. If the equity market

0 Comments
Read More >>

The Retired Investor: U.S. Veterans Gaining Jobs
By Bill Schmick,
03:26PM / Friday, November 18, 2022
The unemployment rate for veterans in the U.S. is 2.5 percent. That is a level that is 1.2 percentage points lower than the national unemployment rate. Much of this declining jobless trend can be attributed to the success of hiring, training, and education programs of businesses and the government.   Today, veterans account for 7 percent of the civilian population, according to the Bureau of Labor Statistics, so that's good news for the overall economy. Granted, the tight labor market and demand for workers after the COVID-19 pandemic, have helped everyone seeking a job find one.   In the case of veterans, they have had some extra help from the U.S.

0 Comments
Read More >>

The Retired Investor: Inflation Hits COVID Dog Owners
By Bill Schmick,
04:35PM / Thursday, November 10, 2022
More than 23 million Americans purchased or adopted pets during the COVID-19 pandemic. Today, these new pet owners are discovering that the costs of caring for these pets are climbing higher and higher as inflation takes its toll.   The annual inflation rate over 12 months ending in June 2022 was 9.1 percent. We all know what this has done to food prices, rents, energy, etc. One subset of the population that has been especially hard hit by rising inflation is pet owners, according to a recent study by Veterinarians.org. Their Special Reports Team surveyed 1,000 U.S. pet owners to find out how they were coping with inflation. The results are not

0 Comments
Read More >>

@theMarket: No Pause, No Pivot, Says Fed
By Bill Schmick,
03:38PM / Friday, November 04, 2022
It should have come as no surprise, but it did. Investors were poised for a slightly less hawkish Jerome Powell but were once again disappointed by the Federal Reserve Bank chairman.   Chairman Powell and his Federal Open Market Committee's decision to maintain a course of rising interest rates for longer punctured this most recent bear market rally. The three major indexes dropped more than 2 percent and continued to fall for the remainder of the week.   There was nothing new in the FOMC statement, nor in Powell's remarks afterward in the Q&A session. To some observers, he seemed even more hawkish than usual. Sure, he conceded that at some point,

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