MEMBER SIGN IN
Not a member? Become one today!
         iBerkshires     Williamstown Chamber     Williams College     Your Government     Land & Housing Debate
Search
Home About Archives RSS Feed
@theMarket: A Race to the Bottom
By Bill Schmick,
07:19PM / Friday, February 13, 2015
Important
0
Interesting
0
Funny
Awesome
Infuriating
0
Ridiculous
0

Faced with slowing economies and sluggish employment, more and more countries throughout the world are devaluing their currencies, slashing interest rates and stimulating growth wherever they can. That should be a recipe for further global growth in the years to come.

These days wherever you look — China, Canada, Denmark, Sweden — central banks are announcing surprise interest rate cuts on a weekly basis. Last month's announcement by the ECB of their own additional quantitative easing efforts evidently triggered a rush of responses by other banks across the world.  So far this year 26 out of 34 major central banks are establishing or maintaining monetary easing

0 Comments
Read More >>

@theMarket: The Labor Market Is on Fire
By Bill Schmick,
06:18PM / Saturday, February 07, 2015
Important
1
Interesting
0
Funny
1
Awesome
0
Infuriating
0
Ridiculous
0

Non-farm payroll employment increased by 257,000 jobs in January and the gains for the preceding two months were revised upward as well. Even better news was hourly wages that jumped 0.5 percent in January to $24.75 after declining in December. That's the biggest gain in six years and bodes well for the economy overall.

Wall Street has been debating just how fast or slow the U.S. economy is growing for months now. The faster the growth, the more likely the Fed will raise interest rates. Why is this so important?

One school of thought says interest rate hikes are "bad" for the stock market. In times past, when rates rose the stock market has sold off, sometimes a

0 Comments
Read More >>

@theMarket: More Stimuli Equal Higher Markets
By Bill Schmick,
06:12PM / Friday, January 23, 2015
Important
0
Interesting
0
Funny
1
Awesome
0
Infuriating
0
Ridiculous
0

We can thank Mario Draghi, the head of the European Central Bank, for snapping the stock market out of its monthlong lethargy. This week, the ECB launched a trillion-dollar program of monetary stimulus that gave investors worldwide a shot in the arm.

The program amounts to an injection of 60 billion Euros per month into the EU economies through the purchase of private and public debt. The quantitative easing will continue until September 2016. However, ECB spokesmen hinted that if more time is needed the program could be extended indefinitely.

Clearly, the ECB is benefiting from lessons learned over here. Our Fed created uneeded volatility over several years by launching and

0 Comments
Read More >>

@theMarket: Tail That Wagged the Dog
By Bill Schmick,
01:18PM / Sunday, January 18, 2015
Important
0
Interesting
0
Funny
1
Awesome
0
Infuriating
0
Ridiculous
0

Rarely do we see a single financial asset, in this case oil, have the ability to sway the prices of trillions of dollars worth of investments on a daily basis over such a prolonged period of time.

Oil has been in a months-long tailspin. Its decline was supposed to be a good thing for most consumers, governments and markets worldwide. Why, therefore, has oil's plunge had the opposite effect?

The answer depends on the reader's time horizon. If you are the type of investor who trades with "high frequency," as do almost 70 percent of market participants these days, then your concern is how much you can make or lose by the close of the day. The price momentum of

0 Comments
Read More >>

@theMarket: What Will the New Year Bring?
By Bill Schmick,
02:33PM / Saturday, January 10, 2015
Important
0
Interesting
0
Funny
1
Awesome
0
Infuriating
0
Ridiculous
0

It was a good year for the stock market. The S&P 500 Index was up in excess of 12.5 percent with the other averages putting in a good performance as well. Naturally, investors are hoping for another year of stellar returns. Is that a reasonable expectation?

At the beginning of each year, people like me are expected to gaze into crystal balls or swirl the tea leaves at the bottom of a cup and pontificate on what the New Year will be like for investors. Unfortunately, I have an "Eight Ball" but no crystal ball and I drink coffee not tea. Honestly, I have as much chance of calling the market over the next 12 months as you do. However, there are some things I do know to be

0 Comments
Read More >>

Williamstown.com is owned and operated by: Boxcar Media 106 Main Sreet, P.O. Box 1787 North Adams, MA 01247 -- T. 413-663-3384 F.413-663-3615
© 2008 Boxcar Media LLC - All rights reserved