The Retired Investor: Entrepreneurs Undeterred by Inflation or Recession Fears / Pittsfield.com

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@theMarket: Stocks Grind Higher Making All-Time Highs

By Bill Schmick,
02:17PM / Friday, July 05, 2024

It was another good week for stocks following another good month of gains. Granted, in this holiday-shortened week, the volume behind the positive moves was paltry at best. However, many traders will tell you that only the price pays. The macroeconomic data seems to be coming in as the Fed had hoped, with some data showing a slight cooling of the economy and at least two months of better inflation numbers. Although the U.S. economy added 206,000 jobs last month, that was slightly down from 218,000 jobs in May. Average hourly earnings also increased, but below forecast as well. However, the overall unemployment rate did tick up to 4.1 percent, the highest reading in three

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The Retired Investor: Tariffs Are Simply Another Form of Taxation

By Bill Schmick,
03:44PM / Thursday, July 04, 2024

In this era of populism, tariffs have become as American as apple pie. Politicians are bending over backward to out-tariff their rivals. Voters are applauding the effort, and yet it is the consumer who will pay higher prices as a result. I can understand how voters might disagree, given that party politicians continue to deny the obvious. "The notion that tariffs are a tax on U.S. consumers is a lie pushed by outsources and the Chinese Communist Party," declared a spokesperson for the Republican National Committee. I am neither an outsourcer nor a Chinese Communist, but I am convinced that tariffs are a tax on all of us. When

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