The Retired Investor: Key to America's Future Lies in Its PastBy Bill Schmick,
04:11PM / Thursday, June 20, 2024 | |
This is year three of a 15-year period where change will occur throughout America. It won't be an easy time for any of us. Stress, conflict, dissatisfaction, economic and political turmoil. It all lies ahead, but there is a silver lining.
In the case of regime change fueled by populism, American history may not repeat itself, but it does come damn close. Throughout our history, we have seen the pendulum swing from right to left and back again as discontent and bad times (the absence of fairness, equality, and equity) alternated with boom times and capitalism (winner-take-all mentality).
The only time the pendulum broke down was during the Civil War and 0 Comments
Read More >> |
@theMarket: Inflation Down, Stocks Up & the Fed on HoldBy Bill Schmick,
03:15PM / Friday, June 14, 2024 | |
Stocks hit an all-time high as macroeconomic data supported the view that the rate of inflation was falling, even while the economy continued to grow. However, the Fed said it wants to hold off on interest rate cuts until they get some more data.
Both the Consumer Price Index (CPI) and the Producer Price Index (PPI) for May showed cooler inflation data. CPI came in at plus-3.3 percent down from 3.4 percent in April. Prices for some household items such as gasoline and bacon declined.
The PPI went down 0.2 percent in May compared with market expectations of a 0.1 percent increase and after a rise of 0.5 percent in April. Prices for goods fell 0.8 percent, the 0 Comments
Read More >> |
The Retired Investor: Why Protectionism Is a Close Cousin to PopulismBy Bill Schmick,
04:43PM / Thursday, June 13, 2024 | |
The number one issue on voter's minds in this election year is immigration. That may come as a surprise to some, but it makes a lot of sense if one believes that we have entered a period of populism.
Sixty-two percent of registered voters nationwide support a program to "deport all undocumented immigrants," according to a CBS News poll over the weekend. On June 3, 2024, President Biden signed an executive order that would ban migrants who cross the southern border illegally from claiming asylum to defuse this election issue. Faith-based charities, like Catholic Charities, which have a long history of providing shelter, food, and clothing to migrant families 0 Comments
Read More >> |
The Retired Investor: How Top-Down Economic Policies Pushed Country Over the EdgeBy Bill Schmick,
04:33PM / Thursday, June 06, 2024 | |
The Federal Reserve Bank's smoothing of the business cycle, which started in the 1990s, was meant to ensure price stability and the health of the labor market. It's top-down policies of reducing interest rates through the banking system and into the hands of the largest corporations was meant to benefit the whole economy.
The problem is that corporations and the minority of Americans that control them are not the whole economy. What did that matter, argued supply-side economists. This group, who championed Reaganomics in the 1980s and beyond, assured us that the benefits of the Federal Reserve Bank's policies would ‘trickle-down' throughout the 0 Comments
Read More >> |
|
|
MEMBER SIGN IN
