It isn't so much that the dollar is a Goliath to the yuan as David as that the biblical fight between a giant and a young man looks fairly matched when you start comparing the two currencies. Read more here.
Thursday, December 31, 2015
TheStreet: Why China's Yuan Can't Take Down the Almighty Dollar
It isn't so much that the dollar is a Goliath to the yuan as David as that the biblical fight between a giant and a young man looks fairly matched when you start comparing the two currencies. Read more here.
Tuesday, December 29, 2015
U.S. News: What Market Pros Will Be Watching in 2016
By SIMON CONSTABLE
Sunday, December 27, 2015
TheStreet: Why Artificial Intelligence and Smart Machines Won't Destroy Us
If you're worried that more intelligent machines will begin to make humans irrelevant in the work place, don't be. We've been down this road before, and it didn't turn out half as bad as many feared.
Yes, it's true that IBM's (IBM - Get Report) Watson computer has become a Jeopardy champion and that machines can learn. Apple's iPhone auto-correct seems to be improving, and Alphabet's Google search features do an increasingly good job of anticipating what you're really scouring the Web for.
Read more here.
Forbes: Schlonged -- Famous Quotes Using Trump's Latest Quip
By SIMON CONSTABLE
Entrepreneur and presidential candidate Donald Trump has done it again. He has captured the imagination of the press corps, this time by using the word “schlonged.” He meant “defeated,” he says.
Trump is not the first to use the word in that manner. Apparently, a host at National Public Radio described a 1984 political defeat using the term on-air in 2011, according to a report in the Washington Post. Another report by the Washington Post says he probably got the meaning wrong because he isn’t familiar with Yiddish, which maybe true.
Still, that’s where English is different from some other languages. It morphs over time. The way we use words changes and maybe Trump is an unlikely innovator in this field.
With that in mind I have amended some classic quotes to include this vernacular in the way Trump says he meant. No offense intended to anyone.
Read more here.
Wednesday, December 23, 2015
OZY: What More Cowbell Means For Europe's Economy
A decade and a half ago, Saturday Night Live viewers first heard the phrase “More cowbell!” from actor Christopher Walken playing fictional music producer “the Bruce Dickinson.” Since then, the line has become an iconic quip — but one that’s not limited to pop culture. Across the pond, investors have been calling for more financial cowbell from the European Central Bank, and earlier this month, they got it. Sort of.
The head of the ECB, Mario Draghi, did deliver more cowbell in the form of some stimulus and lowered interest rates, but not as much as had been expected. “Ultimately, and profoundly, the ECB disappointed, and this has rarely been seen in Draghi’s tenure,” states a recent report from the bank Brown Brothers Harriman. Some small commotion followed in the financial markets. Still, the question remains: Will the policy move ultimately achieve the desired goals of lifting inflation and spurring growth? Read more here.
Tuesday, December 22, 2015
U.S. News: 9 Things to Know About Investing in a Mutual Fund
Saturday, December 19, 2015
Barron's: Commodities’ Big Hurdle: The Strong Greenback
Tuesday, December 15, 2015
Forbes: How To Be The Worst Boss Possible -- Part 7
The Horse’s Behind
U.S. News: Will 2016 Be a Good Year for Stocks?
TheStreet: 5 Gifts Almost as Good as Cash -- And Way More Thoughtful
Monday, December 14, 2015
Forbes: Bukowski's 'On Cats'
WSJ: Socially Responsible Gifts Are Great—Primarily for the Givers
By SIMON CONSTABLE
Those shopping for socially responsible gifts this holiday season, be forewarned: A recent study suggests they have the potential to disappoint.
The reason, succinctly put: A fair-trade fruitcake is still just a fruitcake.
In fact, socially responsible gifts are appreciated much more by the givers than the receivers, concluded the authors of a study recently published in the journal Organizational Behavior and Human Decision Processes. Read more here.
Tuesday, December 8, 2015
U.S. News: Lift Your Returns With a Barbell Strategy
Forbes: How To Be The Worst Boss Possible -- Part 6
Pin the Blame on the Donkey
Monday, December 7, 2015
Forbes: How To Be The Worst Boss Possible -- Part 5
WSJ: A Mark Against Broker-Sold Funds
WSJ: What Is a Short Squeeze?
Sometimes when a downtrodden stock jumps, it is due to a “short squeeze” rather than some massive change in the fortunes of the company. So what is a short squeeze and why does it matter?
Short sellers sell borrowed stock, hoping to buy the shares back at a cheaper price and lock in a profit. It is considered a particularly risky strategy because while the price of a stock can’t fall more than 100%, it can go up indefinitely, causing potentially infinite losses.
Forbes: The Diabolical Tale Of Hitler's Art Thief
By SIMON CONSTABLE
There are times in history when business and government start working together in a diabolical way. Most recently we’ve seen the so-called Islamic State develop an industry of looting priceless artifacts from the middle east and selling them to willing collectors around the world. They are but the latest group to engage in such behavior.
Back in the 1930s and 1940s the Nazis teamed up with art experts to rob Europe’s Jews of enormous caches of priceless art, often via forced sales. Paintings were then shipped off to collectors in New York, for instance. Susan Ronald chronicles one man’s extraordinary career of thievery in her recent book, Hitler’s Art Thief: Hildebrand Gurlitt, the Nazis, and the Looting of Europe’s Treasures.
Read more here.
Tuesday, December 1, 2015
U.S. News: Why Defensive Stocks Aren't Safe Any More
Cal State East Bay Alum Mag: How Technology is Transforming the Afterlife
"I’m not sure my mother understands Twitter or why I tell her millions of people love her — but she says she’s ver[sic] touched,” Scott Simon tweeted to 1.3 million followers on his mother’s deathbed.
Monday, November 30, 2015
Forbes: ObamaCare's Marie Antoinette Moment
Thursday, November 26, 2015
Fortune: Here's What Happened to the Great Thanksgiving Pumpkin Shortage of 2015
Wednesday, November 25, 2015
U.S. News: These Stocks Will Be Winners This Holiday Season
OZY: Building Blocks for A Cheaper Housing Market
In the mid-1970s, my grandfather retired after decades with the Admiralty, the U.K.’s equivalent of the U.S. Navy, and bought the first home he ever owned — paying 100 percent cash for it. Not bad for a man who spent most of his life getting by on a government salary. These days, the idea that an average working person in Britain or the U.S. could accomplish such a thing seems ludicrous, a truly impossible dream.
Read more here.
Sunday, November 22, 2015
Forbes: Should UnitedHealth Be Allowed To Walk Away From ObamaCare?
Read more here.
Thursday, November 19, 2015
TheStreet: Why Age Discrimination Hurts Your Mom the Most
OZY: The Hidden Costs of Border Control
After Friday’s atrocious attacks in Paris, messages of condemnation and condolence were soon joined by a drumbeat of calls for Europe to reintroduce internal border controls. Combined with the deaths of Charlie Hebdo magazine staff earlier this year, it’s easy to see why politicians would want to reintroduce some passport controls, at least to know who is inside which country. No one in their right mind wants a repeat of anything like those events if they can possibly be prevented. The problem is, financially, it would slow the beleaguered European economy, which is still struggling to find robust growth.
Read more here.
Wednesday, November 18, 2015
Forbes: How To Be The Worst Boss Possible -- Part 3
Tuesday, November 17, 2015
U.S. News: 4 Facts Investors Should Know About Bonds
TheStreet: Investors Pull $50B From Emerging Markets, Outpacing '08 Crisis
NEW YORK (TheStreet) -- Bearishness about emerging market economies in general, and China in particular, has reached an unprecedented level, according to a fund manager who has specialized in the sector for more than three decades.
"More than $50 billion has been withdrawn from emerging markets in the first nine months of this year, which is more than in the 2008 financial crisis," says Allan Conway, head of emerging market equities at Schroders, and portfolio manager of the $1.3 billion Schroder Emerging Market Equity Fund (SEMNX)
Read more here.
Wednesday, November 11, 2015
TheStreet: Why Bubble Phobia Is Bad For Your Investing Health
Maybe the housing crash and the dotcom bust have addled our brains, but hardly a month goes by without someone warning of a bubble. Is the market for Treasuries in a bubble? What about Silicon Valley startups and junk debt? Is there, perhaps, a bubble in everything?
The problem with that perspective (or rather, the good news) is that financial bubbles just aren't that common, and if you see them everywhere you may be hallucinating.
Read more here.
OZY: How Good Is the Biggest Trade Deal In History?
Tuesday, November 10, 2015
U.S. News: Four Things to Know About Real Estate Investments
TheStreet: How Social Media Boosts Trading -- Without Helping Traders
OZY: How England's Worst King Spawned Capitalism
The monastery was established in 1132 by Cistercian monks from France’s Clairvaux Abbey and remained in operation until the 1500s. But it plays a part in a uniquely English story — one that begins, as many do, with church and crown but ends with the Industrial Revolution. Read more here.
Monday, November 9, 2015
WSJ: What Is the Interest Coverage Ratio?
What is the interest coverage ratio, and why might it matter for investors?
WSJ: Money-Fund Flows Are a Risk Meter
Friday, November 6, 2015
Forbes: How To Be The Worst Boss Possible -- Part 2
Part two of a continuing series, which outlines how you too can become a truly awful manager instead of just mediocre. (Why write such a series? It’s fun.)
Some people believe they aren’t cut out to be a terrible manager. Please be assured that some gentle mind training will get you there faster than your employees would ever wish for. Here’s how:
Fortune: How the Fed's 'schizophrenia' could be holding back the economy
Read more here.
Tuesday, November 3, 2015
TheStreet: Why Now May Be the Time for a Dose of Pharmaceutical Stock
U.S. News: Why Investing in Brazil Will Remain Difficult
OZY: When Emerging Markets Don't...Emerge
There’s nothing like the expectant feeling of hope in the air, and we got a sense of that after a Tunisian street vendor set himself alight and ignited the so-called Jasmine Revolution and then the Arab Spring. Many around the world watched, wishing for better things. And we recently had reason to celebrate when an alliance of civil society groups in Tunisia won the Nobel Peace Prize for helping to build democracy there with a newly adopted constitution. That’s to be applauded. But for another important issue — economic development — things don’t look so rosy. Read more here.
Monday, November 2, 2015
WSJ: Alzheimer’s Link Leads to More Financial Planning
By SIMON CONSTABLE
People whose families have a history of Alzheimer’s disease are much more likely to seek expert financial advice and are more likely to delay retirement, compared with people for whom Alzheimer’s isn’t an issue, says a forthcoming study from professors at the University of Utah.
Cost concerns arising from Alzheimer’s disease, which can require years of institutionalized care, are pushing individuals to plan more, according to the study, which was sponsored by the National Institute on Aging. Read more here.
Saturday, October 31, 2015
Barron's: As Sunspots Fade, Will Crop Yields Fall?
Friday, October 30, 2015
TheStreet: Why Dinner's About to Start Eating More of Your Wallet
New York (TheStreet) -- If food prices start taking a bigger bite out of your wallet in the near future, you can blame it on Mother Nature.