The Retired Investor: Trump and the China tradeBy Bill Schmick,
04:20PM / Thursday, January 30, 2025 | |
It was supposed to be Agamemnon. Sixty percent plus tariffs on all Chinese products imported into the U.S. levied on Day One. What happened? Nothing.
Investors are still waiting for the first shoe to drop on the world's second-largest economy and America's No. 1 enemy. China has been the nation's punching bag ever since Donald Trump first acted against that country in his first term.
His actions resounded favorably with most Americans. China-bashing took on a life of its own. Decades of losing U.S. jobs and investment to China took its toll on both Democrats and Republicans. President Biden took up the baton and in the name of national security 0 Comments
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The Retired Investor: Trump and the China tradeBy Bill Schmick,
04:20PM / Thursday, January 30, 2025 | |
It was supposed to be Agamemnon. Sixty percent plus tariffs on all Chinese products imported into the U.S. levied on Day One. What happened? Nothing.
Investors are still waiting for the first shoe to drop on the world's second-largest economy and America's No. 1 enemy. China has been the nation's punching bag ever since Donald Trump first acted against that country in his first term.
His actions resounded favorably with most Americans. China-bashing took on a life of its own. Decades of losing U.S. jobs and investment to China took its toll on both Democrats and Republicans. President Biden took up the baton and in the name of national security 0 Comments
Read More >> |
The Retired Investor: Food Prices Are Climbing AgainBy Bill Schmick,
04:19PM / Friday, January 24, 2025 | |
Eggs, fruit, vegetables, chocolate, cereal, and all kinds of protein — wherever you look — prices are rising faster at grocery stores than anyone may have imagined. The bad news is that consumers can expect this trend to continue.
Food prices jumped by 1.8 percent year-over-year at the close of 2024. That was the fastest increase in over a year, according to the Labor Department. In the last two months of the year, grocery prices climbed by 0.4 percent in November and 0.3 percent in December. Expectations are that January will see another rise.
Most voters will immediately point to corporate greed, grocery gauging, or as a last resort, the 0 Comments
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The Retired Investor: Economic Growth Versus Government EfficiencyBy Bill Schmick,
04:13PM / Thursday, January 16, 2025 | |
We grew up with tales of $500 toilet seats and bridges to nowhere when describing the abuses of government spending. In a few days, Americans will get our first taste of what it will mean to make our government efficient once again.
The Department of Government Efficiency (DOGE) is not an official government department. That would require an act of Congress. Since members of that august body have been the major contributors to decades of inefficient use of government funds, it probably was a good idea to bypass a vote on making DOGE "official."
Instead, it will operate as an advisory body, run by two of President-elect Trump's closest allies 0 Comments
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The Retired Investor: IRS Incentive Boosts for Savers Not Nearly EnoughBy Bill Schmick,
04:25PM / Thursday, January 02, 2025 | |
Saving for retirement will get a little more attractive next year. Given the dire state of savings in this country, anything that convinces workers they need to save more will be beneficial.
The Secure Act 2.0, enacted in 2022, ushered in several additional improvements in retirement savings, including even higher 401(k) plan catch-up contributions. The object was to make it easier for older American workers facing a retirement savings shortfall to set aside more money quickly.
The facts are that there is a widespread retirement savings shortfall in the U.S. that spans generations. Sixty-five percent of Baby Boomers (age 55-64) have less than $25,000 0 Comments
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