Wednesday, August 28, 2019

Forbes: Did Trump Just Act Like Britain's King Just Before The 1776 Revolution?

By SIMON CONSTABLE

Last Friday U.S. President Donald Trump ordered American companies to stop doing business in China. The move came as part of Trump's fast-deteriorating trade negotiations with China. Read more here.

Monday, August 26, 2019

Forbes: Hong Kong's Richest Man Makes Multibillion-dollar Bet On Britain

By SIMON CONSTABLE 

The truly rich don't get that way without being well, truly savvy with their money. So when a bona fide billionaire makes a big bet on something it pays to take notice and possibly do something similar. Read more here.

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