The Retired Investor: The Trump TradesBy Bill Schmick,
04:20PM / Thursday, November 07, 2024 | |
Now that the election is over and a clear winner has emerged, it is time to take a closer look at how investors perceive the winners and losers in the weeks and months ahead. It appears that the economy was the top concern of voters and therefore Trump's future actions within the economy will be important.
In the last month, there was speculation on Wall Street that Donald Trump would win the presidency. Certain areas of the financial markets nicknamed the "Trump trade" started gaining momentum.
Certain sectors saw gains while others experienced losses. Investors base their decisions on the actions of his past presidency and his statements and 0 Comments
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The Retired Investor: Betting on Elections Comes of AgeBy Bill Schmick,
03:57PM / Thursday, October 31, 2024 | |
Place your bets, ladies and gentlemen. The odds favor Trump right now, but anything can happen in the topsy-turvey world of online betting. That's right, presidents have now entered the list of what Americans can bet on alongside sports games, horse races, and blackjack.
Last month, a federal District Court judge ruled that betting on election outcomes was neither unlawful nor considered gaming. The Commodities Futures Trading Commission had fought against this outcome claiming that this kind of betting could undermine confidence in elections and adversely affect election integrity. The ruling made election markets legal for the first time in 100 0 Comments
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The Retired Investor: Natural Diamonds Take Back Seat to Lab-Grown StonesBy Bill Schmick,
04:31PM / Thursday, October 24, 2024 | |
There was a day when a man's love for his bride was measured by the clarity and size of a diamond ring. That notion is as outdated as believing that "artificial" or lab-grown diamonds are second-class stones.
Chances are that if you purchased a diamond this year, it may have been manufactured in a laboratory. Lab-grown diamonds account for roughly 46 percent of the U.S. diamond jewelry market. What is interesting is that while the quantity of diamonds sold is almost neck and neck with the natural market, as a percentage of revenue, lab-growns only account for 23 percent of sales.
There are two trends at work here. Natural diamonds are getting 0 Comments
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The Retired Investor: Politics and Crypto, the New BedfellowsBy Bill Schmick,
04:27PM / Thursday, October 17, 2024 | |
There was a time when the upstart scruffy purveyors of cryptocurrencies were a mere stepchild of the financial community. Those days are gone as the crypto industry becomes a growing force in influencing election outcomes nationally.
In 2024, the crypto industry has accounted for about half of all corporate contributions to political action committees, according to consumer advocacy group, Public Citizen. The donations are being funneled into congressional candidates of both parties and the candidate for president who is deemed to be friendly to the cryptocurrency space.
That is a big leap from the historical practice of industries that side with one 0 Comments
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The Retired Investor: Back to the Future in Nuclear EnergyBy Bill Schmick,
04:44PM / Thursday, October 10, 2024 | |
In the 1950s, nuclear was deemed the energy of the future. Unfortunately, the world's ardor for replacing fossil fuels with clean atomic energy hit a brick wall in the 1970s. It is only recently, after decades of false hopes, that we may be entering a new age of U.S. nuclear power.
Today, nuclear power represents no more than 20 percent of U.S. electricity, and that may be an overstatement. The industry's brick wall occurred in March 1979 at Three Mile Island in Middletown, Pa. A partial meltdown of its Unit 2 reactor released a small amount of radioactivity.
I remember it well. The leak resulted from equipment malfunctions, design-related problems, 0 Comments
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