Wednesday, August 21, 2019

TheStreet Video: Why Bitcoin Is Still Nowhere Near Money

By SIMON CONSTABLE

TheStreet: Bitcoin Failed as a Safe-Haven Investment Last Week

By SIMON CONSTABLE

Whatever bitcoin might be, it isn't a substitute for gold bullion. 

Specifically, it fails as a hedge.

"I would call gold more of hedge and bitcoin more of a speculation," says Jack Ablin, chief investment officer at Chicago-based Cresset Capital Management. Read more here.

Saturday, August 17, 2019

Featured in MarketWatch Story on FoodStamps

By SIMON CONSTABLE 

"Why would the administration want to take critical food assistance away from children and families who need it? The administration has claimed ineligible people are using the program, perhaps fraudulently. But that’s unlikely.
Looking at figures through 2016, Forbes contributor Simon Constable calculated potentially fraudulent SNAP expenditures at under 1% of the cost of the program — a minuscule amount compared to behemoth agencies like the Pentagon, which can’t even pass an audit, and which nonetheless keeps getting budget increases."
Read the full story here.

U.S. Department of Agriculture
Lance Cheung/Photojournalist/USDA/Lance Cheung,
Public domain, via Wikimedia Commons

On "Liquid Lunch" Talking Economics, Brexit, Recession


Friday, August 16, 2019

Featured in The Sun newspaper

The Sun newspaper included comments of Constable on a story about the uprising in Hong Kong.
Commentator and author Simon Constable warns on Forbes: “If protests continue in Hong Kong, and inspire mainlanders to act similarly, then the army will take control of the Hong Kong territory and crush the protesters.
“At that point, you’ll have a Tiananmen Square crackdown take two, only it will be in Hong Kong, not Beijing.”
Read the full story here.

Thursday, August 15, 2019

Forbes: Gold To Reach Almost $1,700 Next Year, UBS Says

By SIMON CONSTABLE

Gold prices could rally more than 10% in the next 18 months, a new report says.

The bullion bounce surge, which has taken off this month, will continue to be propelled by mounting investor worries, according to Swiss bank UBS. Read more here.

Wednesday, August 14, 2019

TheStreet: Why You Should Buy Pipeline Stock Antero Midstream

By SIMON CONSTABLE

Antero Midstream is a victim of guilt by association, and investors should consider taking advantage.

The stock of the natural-gas-pipeline and energy-storage company is woefully undervalued, offers solid dividends and has growth potential. Read more here.