Sunday, December 27, 2015
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
By SIMON CONSTABLE
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.
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
By SIMON CONSTABLE
Once in a while, the markets deliver a timely reminder that not all investments are created equal. We just got one – and right in time for the holidays.
Third Avenue Management's Focused Credit Fund recently announced it would stop investors from cashing in their holdings. The reason was to facilitate the orderly liquidation of the fund's holdings of speculative-grade fixed income securities, also known as junk bonds. To do otherwise would have meant a fire sale.
Should investors have been surprised that they couldn't get their money when they wanted it? Maybe, maybe not. It is rather unusual for a mutual fund to do such a thing. That said, investors need to do their research before committing their hard-earned funds to any mutual fund.
Read more here.
Saturday, December 19, 2015
Barron's: Commodities’ Big Hurdle: The Strong Greenback
By SIMON CONSTABLE
The strength of the dollar will give no reprieve next year to already pummeled commodities markets.
Any rallies for crude oil, steel, coal, copper, and other base metals will be muted as the buck heads higher against most major currencies in 2016. It will do so because, while the U.S. economy isn’t exactly strong, it’s in a lot better shape than other key economies.
All major commodities are priced in greenbacks. So when the dollar strengthens, their prices fall if nothing else has changed. Put another way, if the dollar rallies 10%, then it buys 10% more materials than it did previously. As the U.S. dollar climbed 9.9% over the past year against a trade-weighted index of major currencies, prices of diesel fuel, natural gas, and U.S. benchmark West Texas Intermediate oil slid 40%, 39%, and 34%, respectively. Read more here.
Tuesday, December 15, 2015
Forbes: How To Be The Worst Boss Possible -- Part 7
By SIMON CONSTABLE
The Horse’s Behind
The Horse’s Behind
Episode seven of a continuing series, which outlines how you too can be an appalling manager. Read part six here.
Last week I received an email from someone I work with now and then. The sender said that he and his friends had some personal experience of “worst bosses.”
I’m always curious to hear about others’ experiences, so we arranged to chat on the phone. The conversation was to be on condition of anonymity.
When we spoke I wasn’t quite sure what to expect, but I quickly learned that the man and his buddies had been subjected to a whole level of abuse that was beyond what most bosses could imagine.
Read more here.
U.S. News: Will 2016 Be a Good Year for Stocks?
By SIMON CONSTABLE
Will 2016 be good for stocks? It's more than likely the market will do well, if you believe the so-called "presidential stock cycle" theory will continue to hold. But that's the rub – because while history shows the odds will be in your favor if you follow it, it doesn't always work.
Since 1946, the stock market has risen 76 percent of the time in the final year of a president's four-year term, with the Standard & Poor's 500 index rallying 6.1 percent on average, according to an analysis provided by S&P Capital IQ to U.S. News & World Report. Read more here.
TheStreet: 5 Gifts Almost as Good as Cash -- And Way More Thoughtful
By SIMON CONSTABLE
It's that holiday time again, when many of us rush out at the proverbial last minute to buy gifts for friends and family.
Or we opt for a simpler alternative that involves no crowded stores or long checkout lines: Cash.
Unfortunately, that doesn't go over well with everyone: Cash gifts have been criticized as showing a lack of both imagination and care. Money-themed gifts, however, are a different matter: Here are five that will suit budgets from small to large. Read more here.
Subscribe to:
Posts (Atom)