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.

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Articles

Market uncertainty takes its toll amid dizzying political and economic turmoil

3 days ago | berkshireeagle.com | Bill Schmick

You may have weathered the financial crisis and the COVID-19 pandemic selloff, some may even remember the dot-com boom and bust, but this time around feels different. That's because it is. In my entire career, I have never seen the stock market move 8.3 percent in 34 minutes on a rumor. That is what happened a few days back. To put that in perspective, the S&P 500 Index gains in minutes an entire year's performance. The following day it gave back half of that.
The Fed disappoints, markets swoon, while tariff talks continue

6 days ago | berkshireeagle.com | Bill Schmick

On Thursday, investors hoped that Fed Chair Jerome Powell, speaking in Chicago at the Economic Club, would assure markets that he would backstop any downside from President Donald Trump's policies. They were disappointed.
@theMarket: Fed Disappoints, Markets Swoon, While Tariff Talks Continue

1 week ago | iberkshires.com | Bill Schmick

Home About Archives RSS Feed iBerkshires columnist 01:41PM / Friday April 18, 2025 On Thursday, investors hoped that Fed Chair Jerome Powell, speaking in Chicago at the Economic Club, would assure markets that he would backstop any downside from President Trump's policies. They were disappointed.
The Retired Investor: Market Uncertainty Takes Its Toll

1 week ago | iberkshires.com | Bill Schmick

Home About Archives RSS Feed iBerkshires columnist 04:12PM / Thursday April 17, 2025 You may have weathered the Financial Crisis and the COVID-19 pandemic sell-off, some may even remember the Dot.Com boom and bust, but this time around feels different. That's because it is. In my entire career, I have never seen the stock market move 8.3 percent in 34 minutes on a rumor. That is what happened a few days back.
The Retired Investor: Trump’s plan to boost the economy

1 week ago | theupstater.com | Bill Schmick |Melanie Lekocevic

By Bill SchmickFor Capital Region Independent MediaTransforming a government-heavy economy into one where the private sector leads not only takes time but also requires a period of detoxification, according to U.S. Treasury Secretary Scott Bessent. The idea that pain may need to come before any gains has caught the nation and the stock market by surprise. Last week, I explained that “the administration’s first objective is to slow demand in the real economy.
The bull and bear case for the U.S. economy under Trump's tariff policy

1 week 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.
Have Trump's tariffs unleashed a bear market?

1 week ago | berkshireeagle.com | Bill Schmick

This week, the stock markets had one of their largest single-day rallies since 2012, after President Trump suddenly put some of his tariffs on hold for 90 days. He then gave back half of it the following day. Investors wonder if this was a bear market bounce or if it could mean something more. Media sources are crediting the market melt-up to various factors. Some believe Trump decided to soften his stance on tariffs after spending the weekend huddled with his U.S. Treasury secretary, Scott Bessent.
The Retired Investor: Bull and Bear Case for U.S. Economy

2 weeks ago | iberkshires.com | Bill Schmick

Home About Archives RSS Feed iBerkshires columnist 04:55AM / Thursday April 10, 2025 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.
The Retired Investor: The Trump Economy 101

2 weeks ago | theupstater.com | Bill Schmick |Melanie Lekocevic

By Bill SchmickFor Capital Region Independent MediaFor those of us in the business world, the myriad economic policy initiatives spewing from the White House are both confusing and at times difficult to understand. Certain policies seem to cancel each other out. Full employment while reducing immigration, drill baby drill to force oil prices lower while raising tariffs to increase prices.
Trump's plan to boost the economy hinges on classic supply-side economics. Here's why that might, or might not, work ...

2 weeks ago | berkshireeagle.com | Bill Schmick

Transforming a government-heavy economy into one where the private sector leads not only takes time but also requires a period of detoxification, according to U.S. Treasury Secretary Scott Bessent. The idea that pain may need to come before any gains has caught the nation and the stock market by surprise. Last week, I explained that the administration's first objective is to slow demand in the real economy. Keynesian demand-side economics says the best way to do that is to reduce spending.