The tweet was deleted by the author.
But we saved everything 🙂.
Skanda Amarnath comments on the use of financial engineering by certain companies that struggled to deliver profits.
According to Amarnath, these firms instead engaged in shareholder buybacks as an alternative approach.
Amarnath has previously forecast that Federal Reserve officials may wait until as late as September to consider a rate hike, with July seen as unlikely and October as the base case in his view (article). He has also noted a shift in temporary help service jobs from contraction to growth in recent quarters, supporting gains in overall employment (article). These comments contribute to his ongoing commentary on macroeconomic and labor market developments.