“The stock buyback mania was unleashed. Its core was not to benefit shareholders (other than perhaps hedge fund speculators) by improving the earnings per share ratio. Its real motivation was to increase CEO pay no matter how badly such burning out of shareholder dollars hurt the company, its workers and the overall pace of economic growth.

, Weekend Reading: $7 Trillion To Manipulate Prices

The bottom line is that while companies take trillions of dollars and buyback shares, it only benefits the executives of the company at the expense of both workers and, ultimately, shareholders as companies with excessive stock buybacks experience a declining market value.

, Weekend Reading: $7 Trillion To Manipulate Prices

The interview is worth watching, and read the article, and think about it.

Here’s your reading list to for the weekend.


Trump, Economy & Fed


Markets


Research / Interesting Reads


“Making it, and keeping it, are two different things.Anonymous

Questions, comments, suggestions – please email me.