Time Magazine: What the Crash of the Euro Means for American Tourists

By SIMON CONSTABLE

A handful of American consumers–especially tourists visiting Europe–stand to benefit from the U.S. dollar’s recent strengthening against the euro, but the wider impact on the U.S. economy may not be as positive.

The euro, the single currency of much of the European Union, has been tumbling over the last year-and-a-half. Following a 20% decline in the European currency against the greenback since the beginning of last year, one dollar buys roughly one euro for the first time in two decades. Read more here.

Photo by Lucas Albuquerque on Unsplash

Video: Two MPs Kicked Out of the House of Commons

 

CBS Eye on the World with John Batchelor: #Markets Commodities drive inflation on both sides of the Atlantic, Chaos in Parliament

 By SIMON CONSTABLE

Listen here.

Lindsay Hoyle, 

Speaker of the House of Commons 

Richard Townshend, CC BY 3.0, 

via Wikimedia Commons

CBS Eye on the World with John Batchelor: #Scotland: #UK PM Johnson exits slowly; & What is to be done about COLA?

 By SIMON CONSTABLE

Listen here.

Sergeant Tom Robinson RLC, OGL v1.0OGL v1.0,

via Wikimedia Commons

WSJ: Two Decades of Sarbanes-Oxley

 By SIMON CONSTABLE

Exclusively in Print

Featured in Defence Connect: Sanctions backfire, quite often

From Defence Connect: 

More recent opinion research from the Levada-Center has demonstrated that those in Russia who hold the US responsible for the war in Ukraine jumped from 50 per cent to 60 per cent in the three months leading to the invasion. 

Perhaps Simon Constable in Time put the sanctions dilemma most carefully under the microscope, noting that “sanctions often prompt a country’s population to rally around the flag”. 

“A siege mentality takes over with people banding together to weather the storm.” 

Beyond the growth of Russian nationalism, US-led sanctions have forced the Kremlin to build new shadow economic, military and political architectures outside of the US-led international order.

Read more here. 

Forbes: Bearish Sentiment Improves, But Remains Elevated

 By SIMON CONSTABLE

Investors remain bearish by a factor of two-to-one. That’s down from recent readings but still elevated, and is possibly a sign that the market is nearing a bottom.

According to a recent survey from the American Association of Individual Investors, 47% of investors were bearish, meaning they expected stocks to keep falling, for the week ending June 29. That’s more than twice the 23% portion of investors who were bullish. Read more here.