The problem with buybacks: Let’s take a closer look at who profits — and who doesn’t — when companies buy their own shares
When famed investor Warren Buffett recently said, “when you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued demagogue” I thought, I might be tempted to espouse similar views if I too controlled a stock portfolio worth $325-billion — of which $100-billion accrued to me personally.
Blame for U.S. banking crisis can be pinned on a decades-long reckless monetary policy
To raise or not to raise? That was the question at the U.S. Federal Reserve’s March 22 policy meeting. And whether it was nobler in their minds to raise interest rates a quarter point and suffer a worsening banking crisis or to pause and admit the fight to contain inflation was effectively lost. Whatever direction they went, they were damned if they did and damned if they didn’t.
The financial media has become a Wild West of misinformation — why aren’t there laws to rein it in?
Fake news! Everyone is complaining about it. No matter if you are politically left or right leaning, we’ve all expressed our dissatisfaction with news stories relating to topics centred around politics, climate change or the pandemic.
Not sure where to invest? There are minefields at every turn
A crystal ball would come in handy at this moment in time. With equity markets just beginning a long overdue correction (the NASDAQ is heading toward bear market territory), true inflation soaring and geopolitical tensions rising, people are beginning to turn their full attention to their money and investments.