@theMarket: Tariff Talk Trashes Stocks as Stagflation Fears RiseBy Bill Schmick,
04:20PM / Friday, March 07, 2025 | |
The latest worry to plague Wall Street is lower growth and rising inflation. What is worse, the tariff war that President Trump insists will lead to a "golden age" for America is proving to be a nightmare for financial markets.
"There will be a little disturbance, but we are OK with that," the president admitted Tuesday evening in his address to Congress. His mission that night was to sell America on his vision of a new economy of high tariffs, low immigration, low taxes, and low regulation. Main Street is buying that message, with approval ratings of almost 70 percent of those who watched the address. Unfortunately, global financial markets are not so 0 Comments
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The Retired Investor: Government Shutdown Looms LargeBy Bill Schmick,
04:19PM / Thursday, March 06, 2025 | |
It is getting to be a regular occurrence. The U.S. Treasury runs out of money and warns Congress that they need more. Politicians on both sides strut and crow but delay until the 11th hour only to pass another "continuing resolution" for a few months. Will it ever end?
Exactly what is a continuing resolution (CR)? They are temporary spending bills that allow the federal government operations to continue when final appropriations have not been approved by Congress and the president. CRs are never-ending stories with a shelf-life of 2-3 months.
This time, the deadline is March 14. Has anything changed? Well, yes and no. The factions within the 0 Comments
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@theMarket: A growth scare adds another worry to the market mixBy Bill Schmick,
03:56PM / Friday, February 28, 2025 | |
Tariff fears, inflation worries, and now, an economic growth scare, have conspired to sour moods in the markets. The Trump trade has all but disappeared and in its place, investors are looking for defensive areas to protect capital.
Uncertainty is the bane of any market's existence and right now that element is in abundance. This week we have seen concerns over inflation take a back seat to an even greater worry—a slowing economy. It began with last week's retail sales number. The data was weaker than many expected as consumers pulled back on their discretionary spending.
That could have been explained away as simply a bout of buying fatigue 0 Comments
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The Retired Investor: Veterans take it on the chin in DOGE bloodbathBy Bill Schmick,
03:53PM / Thursday, February 27, 2025 | |
They love their country. As such, it is no surprise that many veterans would want to continue to serve their nation after discharge. It is why so many vets apply to work for the federal government. That partnership seemed to work out for both parties—until recently.
For those of us who have served in the military, we have done so out of love for our country. When it called, we stepped up. In exchange, we learned a lot of good things in the armed services. For me the list is long. Leadership, teamwork, a strong work ethic, the ability to handle stressful situations, self-direction, and motivation come to mind. I am sure I have missed some.
These 0 Comments
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@theMarket: Inflation and Tariff Fears Drive MarketsBy Bill Schmick,
02:52PM / Friday, February 21, 2025 | |
Gold continues to make new highs. Soft commodities and materials climb a wall of worry and foreign equities rise from the dead. It is all part of a market mindset that a tariff war is right around the corner.
As April draws near, President Trump continues to reiterate that he is planning to levy tariffs on America's trading partners. Investors are worried. Given Trump's predilection toward hyperbole, the markets are unsure whether to take his statements at face value. He has used threats to get what he wants on so many occasions that April could come and go without any tariffs at all. What to do?
The move higher in some commodities is largely a 0 Comments
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