Jared Dillian

JARED DILLIAN IS THE EDITOR AND PUBLISHER OF THE DAILY DIRTNAP. AN INVESTMENT STRATEGIST AT MAULDIN ECONOMICS, HE IS AUTHOR OF "ALL THE EVIL OF THIS WORLD". BLOOMBERG

Buybacks are generally seen as either a form of stock manipulation that enriches senior corporate executives, or simply as a way to increase financial leverage and earnings per share.
WEALTH & INVESTING

The 1% tax on share buybacks is just the start

Although small now, the levy will surely increase over time until it becomes too costly for companies to repurchase their shares. 

Experience is critical on Wall Street, especially in trading and risk management.

Wall Street bonuses are too small for many

The pay divide at big banks has only gotten wider, leaving many disgruntled and prone to mistakes.

FILE — Coinbase employees gather in Times Square to see the launch of the company’s initial public offering displayed on the Nasdaq tower, April 14, 2021. Crypto companies are laying off staff, freezing withdrawals and trying to stem losses, raising questions about the health of the ecosystem. (Gabby Jones/The New York Times)

Crypto’s limp BlackRock response is a clear tell

If not even a vote of confidence from the world’s largest asset manager can spark a rally, then the bear market is far from over.

With the US dollar having appreciated against every Group of 10 currency this year, some investors are subscribing to the theory that it will continue to get stronger.
THE BOTTOM LINE

The US dollar bulls are looking increasingly like a cult

It’s hard to boil the US$6.6 trillion foreign exchange market down into a simple narrative. But that hasn’t stopped people from trying.