Bill Schmick

New York

Philanthropy and Marketing Coordinator at The Berkshire Eagle

Award-winning columnist and money manager with over 33 years of financial experience providing advice to retirement community worldwide.

Featured in: Favicon

berkshireeagle.com Favicon

newspressnow.com Favicon

thetelegraph.com Favicon

reformer.com Favicon

iberkshires.com Favicon

sentinelsource.com Favicon

newsbreak.com Favicon

flipboard.com

Articles

Emerging markets confront a trade dilemma

4 days ago | berkshireeagle.com | Bill Schmick

The lifeblood of emerging markets has always been their exports within a framework of robust global trade. The advent of U.S. tariffs worldwide has placed these countries between a rock and a hard place. The rock is clearly the size and extent of U.S. tariffs. These new tariffs have dwarfed the imposition of levies during the first Trump presidency.
Fed waits, but markets gain as Trump changes his tune on tariffs

1 week ago | berkshireeagle.com | Bill Schmick

One country down, only 194 more to go. This week, the announcement of a "framework" for President Trump's first trade deal and the first high-level meeting between the U.S. and China encouraged investors. Wall Street's enthusiasm was somewhat tempered, given that the United Kingdom was an easy deal to make. The terms of trade have always favored the U.S., where we have run a capital trade surplus for years. We have long exported far more to the UK than it has sold to America.
The Retired Investor: Emerging Markets Confront Trade Dilemma

1 week ago | iberkshires.com | Bill Schmick

Home About Archives RSS Feed iBerkshires columnist 04:40PM / Thursday May 08, 2025 The lifeblood of emerging markets has always been their exports within a framework of robust global trade. The advent of U.S. tariffs worldwide has placed these countries between a rock and a hard place. The rock is clearly the size and extent of U.S. tariffs. These new tariffs have dwarfed the imposition of levies during the first Trump presidency.
Tariffs are poised to take a toll on US consumers

1 week ago | berkshireeagle.com | Bill Schmick

As the flow of container ships to the U.S. slows and the number of trucks needed to distribute Chinese goods declines, retail shelves will soon begin to empty. Unless the tariff war is reversed, consumers should expect shortages. Tariffs (so the story goes) will fuel a U.S. manufacturing renaissance, leading to higher middle-class wages and more stable families and communities.
The economy's mixed messages support market gains

2 weeks ago | berkshireeagle.com | Bill Schmick

Wednesday's release of the nation's first-quarter gross domestic product stunned investors since it was the first quarterly decline in the economy since 2022. Looking beyond the headline number, however, the results told a different story. At first blush, the 0.3 percent decline in GDP sent stocks lower, with the NASDAQ down 3 percent on the day at one point. The culprit behind the numbers was a 41.3 percent rise in imported goods and services.
The bull and bear case for the US economy

2 weeks ago | berkshireeagle.com | Bill Schmick

Are we on the verge of an American economic and social revival as Donald Trump promises, or on the eve of destruction as his critics claim? That sounds extreme, but in this partisan world we live in binary events are all we care about. If all unfolds according to the Trump policy playbook, inflation will be lower, the country more substantial, and we will be able to grow our way out of this debt crisis through higher tax revenues from a booming economy.
@theMarket: Economy's Mixed Messages Support Market Gains

2 weeks ago | iberkshires.com | Bill Schmick

Home About Archives RSS Feed 02:54PM / Friday May 02, 2025 Wednesday's release of the nation's first-quarter Gross Domestic Product stunned investors since it was the first quarterly decline in the economy since 2022. Looking beyond the headline number, however, the results told a different story. At first blush, the minus-0.3 percent decline in GDP sent stocks lower, with the NASDAQ down 3 percent on the day at one point.
The Retired Investor: For Whom the Tariffs Toll

2 weeks ago | iberkshires.com | Bill Schmick

Home About Archives RSS Feed iBerkshires columnist 04:38PM / Thursday May 01, 2025 As the flow of container ships to the U.S. slows and the number of trucks needed to distribute Chinese goods declines, retail shelves will soon begin to empty. Unless the tariff war is reversed, consumers should expect shortages.
Markets contend with conflicting tariff headlines

3 weeks ago | berkshireeagle.com | Bill Schmick

This week, statements from the president and his treasury secretary indicating a possible thaw in relations with China triggered a bout of FOMO among traders. Markets gained more than 6 percent for the week on a hope and a prayer. Was it justified? On Monday, investors woke up to President Trump calling Fed Chair Jerome Powell "a major loser." That triggered fears that President Trump was on the verge of dismissing the head of the U.S. central bank. Markets appeared to be once again rolling over.
@theMarket: Markets Contend With Conflicting Tariff Headlines

3 weeks ago | iberkshires.com | Bill Schmick

Home About Archives RSS Feed iBerkshires columnist 02:56PM / Friday April 25, 2025 This week, statements from the president and his treasury secretary indicating a possible thaw in relations with China triggered a bout of FOMO among traders. Markets gained more than 6 percent for the week on a hope and a prayer. Was it justified?