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Bill Schmick: The grumpy consumer

I am old enough to remember when inflation was a fact of life for Americans, but it is still a shock to me. I can just imagine how younger workers,

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Bill Schmick | The Retired Investor: Thanksgiving, post-pandemic

Consumers are making up for last year’s subdued Thanksgiving holiday. Air travel has jumped. Traffic on the roads is expected to be heavy. Grocery stores are crowded, and families are

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Bill Schmick | The Retired Investor: The billionaire tax that wasn't | Columnists

This week, Democrats unveiled a new plan to finance President Joe Biden’s “Build Back Better” legislation. That proposal, along with a 15 percent corporate minimum tax, has politicians scrambling to

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Bill Schmick | The Retired Investor: Will infrastructure spending boost clean energy stocks?


Renewable energy stocks were all the rage last year. This year, however, not so much, with clean energy funds taking hits of between 25 and 50 percent. Will President Joe Biden’s proposed $2.25 trillion infrastructure bill breathe new life into this sector?
Biden ran on a platform that included the build-out of an infrastructure plan that would “achieve net-zero emissions, economywide, by no later than 2050.” By the time of his November election, investors had bid up the clean energy sector — it includes everything from electric cars and clean water to solar and wind power — by over 200 percent in some cases.
New renewable energy exchange-traded funds (ETFs) and mutual funds were offered with names like “Tan” and “Fan” that were snapped up in anticipation that they could only go higher. Of course, like all mini-manias, prices failed to keep up with investors' expectations. Markets moved on to buying “reopening trades” like dirty, old oil stocks, airlines and cruise ships.

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Bill Schmick | The Retired Investor: The coming economic boom

The nation should have a lot to celebrate in the coming months. Most economists are busily raising their forecasts for growth for the remainder of the year. If their forecasts

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Bill Schmick | The Retired Investor: Clubhouse comes of age

The latest entrant into the social media orbit is an audio-only chat app called Clubhouse. The internet company had a $1 billion valuation before it had a business plan. That

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Bill Schmick | The Retired Investor: Gambling — the vice we love


The pandemic has altered the behavior patterns of many Americans. It has also forced states to reexamine their thinking in several areas, especially in taxation and spending. One of the biggest winners in this process appears to be gambling.
Clearly, with most of the nation’s leisure activities shut down, more and more Americans are looking for something to occupy their time. At the same time, thanks to massive losses in tax revenues, states are scrambling for ways to make ends meet. Sports and other forms of online gambling are an easy answer to shoring up state budgets while satisfying the consumer’s demand for more action in this burgeoning leisure market.

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Bill Schmick | The Retired Investor: The reflation trade

Over the past six months, an increasing number of investors have come to believe that a rise in the inflation rate is inevitable. That appears to be a sound bet

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