I have warned for several years that such stock retirements are a two way street, that when prices get high, companies will reverse course and start issuing more stock. That is starting to happen.
I’m not fond of self-promotion, but I would like to support Jonathan Doyle’s “The Supply Side” podcast. Jonathan interviewed me this week. Click here.
I found the Powell press conference problematic. After less than glorious market responses to his recent congressional testimony and WSJ Q&A session, I would have thought some tinkering of his messaging was in order. But Powell doubled down.
The rights of ownership of an asset are the right to control, the right to income, the right of exclusive use, the right to sell.…
Oops. Looks like the Fed’s magic (and our luck) have finally run out.
Every March, the clocks in several countries around the world go forward one hour, ringing in the arrival of daylight savings time that normally lasts until October. This means one hour of sleep less for those involved – an hour that is not gained agai…
Originally posted at Capitalstool. Here is my stock screen spitout for today. These are not recommendations. I figure you stoolies know enough that you can…
Following the suspension of AstraZeneca’s COVID-19 vaccine in numerous countries, particularly throughout Europe, the European Medicines Agency (EMA) has reiterated its recommendation to continue with the vaccine rollout after concluding its preliminar…
The issue is not inflation. The issue is not economic recovery. The issue is not rising yields. The issue is not interest rates. These are all second order effects, or wholly tangential. Here’s the real issue.
“Just setting up my twttr” – those were the words that Jack Dorsey, founder and CEO of Twitter, tweeted on March 21, 2006, fifteen years ago this Sunday. Twitter, with its simplicity and unique 140-character limit (which has since been doubled), hit a …