Bill Schmick
- Indexed articles, last 90 days
- 25
- Latest publication
- Sep 28, 2026
- Outlet visibility, for Berkshireeagle
- Top 500K sites
- Earliest in this view
- Jul 6, 2026
Latest articles
The ailing housing market is getting sicker (opens the original)
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Itâs as if the world is against homebuilding. As mortgage rates top 7 percent, a combination of higher prices for key inputs, thanks to tariffs and the Iran war, has already decimated the sector. And yet, there is worse news for builders. ICE-inflicted labor shortages are suffocating profits and growth. From the East to the West Coast, home builders are complaining bitterly about the administrationâs current immigration enforcement efforts. This year, ICEâs efforts to redouble its arrests
Bonds are breaking bad but equities shrug it off (opens the original)
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Bond market volatility has thrown investors for a loop as yields across the board have risen to multiyear highs. Oil prices are also gaining, forcing global central banks into a higher-for-longer interest rate posture. Equity investors simply yawn. Thirty-year Treasuries hit 5.44 percent â a 20-year high. The 10-year registered 5.23 percent while shorter-term maturities all registered multi-year highs. Meanwhile, as diesel fuel broke $6.50/gallon, Brent crude was above $106/bbl, while U.S. WTI
Home heating oil prices are expected to be up 33 percent this year. Now is the time to hedge your costs (opens the original)
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The airwaves are chock full of stories bemoaning soaring gasoline and diesel prices lately. Much less attention is focused on rising heating oil prices this coming winter. All the inflation data is reflecting how these rising energy costs are impacting your pocketbook. For diesel, which fuels the transportation industry and most of commercial America, the problem is even more acute than gas. Some readers, depending on where you live, may also be facing another challenge besides higher gas prices
The Fed voted to raise interest rates â and the markets cheered (opens the original)
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Yes, you read that right. For the first time in a long while, stocks celebrated what has historically been a reason to sell stocks the day after a rate hike. There are reasons why, and inflation is at the top of the list. Historically, the S&P 500 Index has risen on only 35 percent of days when the Fed raises rates. The vote to raise rates was unanimous, with all 12 FOMC members voting to tighten. Fed Chair Kevin Warsh made it clear in his post-announcement remarks that he is not happy with the
Why the Fed and Treasury may be working more closely (opens the original)
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The Fed is meeting again on Sept. 15-16. The odds are more than 60 percent that they will hike interest rates, while the odds of holding steady keep slipping. It makes no difference to me either way. The Fed can only control the short end of the yield curve. Raising the Fed Funds rate will accomplish little when the main drivers of added inflation are tariffs and the price of oil. As for the countryâs out-of-control spending, the debt and deficit are fiscal problems. Congress is responsible fo
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