MEMBER SIGN IN
Not a member? Become one today!
         iBerkshires     Berkshire Chamber     Berkshire Community College     City of Pittsfield    
Search
Home About Archives RSS Feed
@theMarket: Stocks Drop as Fed Delivers Same Dire Message
By Bill Schmick,
03:25PM / Friday, September 23, 2022
It was another "read my lips" moment for equity investors. Federal Reserve Chairman Jerome Powell out hawked the hawkish as he reiterated the Fed's tightening stance on monetary policy after the Federal Open Market Committee meeting on Sept. 21.   That should come as no surprise for those reading this column every week. A 75-basis-point hike, which was expected, was followed by a promise to continue raising interest rates higher, and longer than investors expected.   The eventual terminal rate where investors hope the tightening will be done, has now ratcheted higher to 4.6 percent. Expectations are now set for another 75-basis point increase in

0 Comments
Read More >>

The Retired Investor: The Dishwasher Debates
By Bill Schmick,
04:12PM / Thursday, September 22, 2022
In most new homes there is a litany of appliances that buyers almost automatically purchase, one of which is the dishwasher. While ovens, refrigerators, washers, and dryers are used almost daily, the dishwasher is among the least-used appliances in American homes.   The global dishwasher market is well over $7 billion and projected to grow by 7.5 percent to $10 billion by 2025. Much of that future growth is due to smaller-sized food service organizations. This list includes companies, businesses, institutions, and organizations that prepare meals and serve them to consumers and other customers. Of course, restaurants, cafeterias, hotels, and catering businesses are included

0 Comments
Read More >>

@theMarket: Consumer Price Index Triggers Market Decline
By Bill Schmick,
03:33PM / Friday, September 16, 2022
Sticky inflation, as represented by Tuesday's Consumer Price Index (CPI), caught most investors off guard. The resulting equity market rout drove the three main averages down over 4 percent. It was the worst market day in more than two years. Is the selling over?   I doubt it. The rampage lower spared few stocks. The dollar soared higher and most commodities as well as precious metals plummeted. That's what happens when you get everyone on one side of the rowboat.   Many analysts, traders, economists, and retail investors had bid up stocks in the days prior to the report in anticipation that the CPI would result in a cooler inflation print. The opposite

0 Comments
Read More >>

The Retired Investor: Too Late to Stop Climate Change?
By Bill Schmick,
04:31PM / Thursday, September 15, 2022
Invest in energy infrastructure now. Our grandchildren's future depends on it.   The argument over climate change has been going on for years. Disagreement over how bad the effects will be, how long we have left to act, and, how much needs to be spent in combating this worldwide danger has resulted in delays, underspending, and even ignoring the threat altogether. And now it may just be too late.   Here in the U.S., we tend to focus on our own needs. After years of wrangling, we have finally passed the $1 trillion, bipartisan Infrastructure Investment and Jobs Act. It promises to address America's dilapidated infrastructure. On the shopping

25 Comments
Read More >>

The Retired Investor: Where Have All the Workers Gone?
By Bill Schmick,
04:47PM / Thursday, September 08, 2022
Help wanted posters continue to populate storefront windows in a multitude of service-related businesses across the nation. The U.S. has 3 million more job openings than it did before the pandemic. This labor imbalance is entering its third year. Why has it been so difficult to remedy?   First, I would like to dismiss any assumption you may have that American workers are lazy and simply don't want to work. That attitude is neither true, nor particularly helpful, in understanding the major forces that are at play in this nation.  Instead, I see four main areas that largely explain America's labor dilemma.   Let me start with older workers

1 CommentRead 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