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        <title><![CDATA[Jared Dillian - Editor/Founder]]></title>
        <description><![CDATA[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." He may have a stake in the areas he writes about.]]></description>
        <link>https://www.bloomberg.com/authors/AEeo12cYoIA/jared-dillian</link>
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        <language><![CDATA[en]]></language>
        <item>
            <title><![CDATA[The CME Is Becoming the DraftKings of Exchanges]]></title>
            <description><![CDATA[One of the world’s largest marketplaces for derivatives wants more retail traffic, but at what cost?]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-09-23/cme-becoming-draftkings-of-exchanges-in-meme-stocks-craze</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Jared Dillian]]></dc:creator>
            <pubDate>Fri, 23 Sep 2022 10:00:12 GMT</pubDate>
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                <media:description>A ball sits on a roulette wheel at the Global Gaming Expo Asia (G2E Asia) in Macau, China, on Wednesday, May 16, 2018. The expo runs through May 17.</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[It's a Housing Slump, Not a Crisis]]></title>
            <description><![CDATA[What distinguishes the current slump from the subprime mortgage collapse is that there’s much less leverage in the financial system.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-09-07/personal-finance-another-housing-crisis-may-be-an-impossibility</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Jared Dillian]]></dc:creator>
            <pubDate>Wed, 07 Sep 2022 10:30:04 GMT</pubDate>
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                <media:description>A &quot;Sold&quot; sign outside a home under construction in Arcola, Texas, US, on Tuesday, July 12, 2022. In an American housing market that for years has been plagued by too little inventory, builders are suddenly finding themselves with a glut of unsold homes.</media:description>
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        </item>
        <item>
            <title><![CDATA[Free Trading Isn't Free, But We're Still Better Off]]></title>
            <description><![CDATA[A new study estimates that “hidden” execution fees costs retail investors $34 billion a year. It sounds like a lot, but it’s actually very little.  ]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-08-25/personal-finance-free-trading-isn-t-free-but-we-re-still-better-off</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Jared Dillian]]></dc:creator>
            <pubDate>Thu, 25 Aug 2022 10:00:23 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iUvdmJGeWeV4/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>NEW YORK, NEW YORK - DECEMBER 07: Artist Nelson Saiers installs his latest &quot;Cheap Money No. 2&quot; sculpture at “The Wall Street Bull” in response to the U.S. Federal Reserve&apos;s actions &amp; inflation on December 07, 2021 in New York City. (Photo by Eugene Gologursky/Getty Images for Nelson Saiers)</media:description>
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        <item>
            <title><![CDATA[This Economy Is Proving Too Hard for Economists]]></title>
            <description><![CDATA[The data isn’t fitting Wall Street’s longstanding models very well, but that’s no reason to dismiss the data as outliers. ]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-08-19/this-economy-is-proving-too-complicated-for-economists</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Jared Dillian]]></dc:creator>
            <pubDate>Fri, 19 Aug 2022 10:00:16 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i79ArE9lDpD4/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>GENEVA, SWITZERLAND - APRIL 19: A detailed view of the blackboard with theoretical physics equations in chalk by Alberto Ramos, Theoretical Physics Fellow and visitor, Antonio Gonzalez-Arroyo from the Universidad Autonoma de Madrid (both not in frame) at The European Organization for Nuclear Research commonly know as CERN on April 19, 2016 in Geneva, Switzerland. (Photo by Dean Mouhtaropoulos/Getty Images)</media:description>
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        </item>
        <item>
            <title><![CDATA[The 1% Tax on Stock Buybacks Is Just the Start]]></title>
            <description><![CDATA[Although small now, the levy will surely increase over time until it becomes too costly for companies to repurchase their shares. ]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-08-17/inflation-reduction-act-the-1-tax-on-stock-buybacks-is-just-the-start</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Jared Dillian]]></dc:creator>
            <pubDate>Wed, 17 Aug 2022 10:00:20 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibFq0HJw7zF8/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>US President Joe Biden speaks during a signing ceremony for H.R. 5376, the Inflation Reduction Act of 2022, in the State Dining Room of the White House in Washington, DC, on August 16, 2022. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)</media:description>
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        </item>
        <item>
            <title><![CDATA[Wall Street Bonuses Are Too Small for Many]]></title>
            <description><![CDATA[The pay divide at big banks has only gotten wider, leaving many disgruntled and prone to mistakes.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-08-15/wall-street-bonuses-contain-an-inherent-risk</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Jared Dillian]]></dc:creator>
            <pubDate>Mon, 15 Aug 2022 16:00:39 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/it4uPrgxw33Q/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/it4uPrgxw33Q/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>A man operating the Triple Safe Lock on the new vault door at the Heydt Bank in Berlin, 11th December 1929. (Photo by Henry Miller News Picture Service/Archive Photos/Getty Images)</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[Single-Bond ETFs Solve Some Key Investing Problems]]></title>
            <description><![CDATA[Sure there are risks, but taking a benchmark US Treasury security and putting it into an exchange-traded fund wrapper is a revolutionary idea.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-08-11/personal-finance-single-bond-etfs-are-a-revolutionary-idea</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Jared Dillian]]></dc:creator>
            <pubDate>Thu, 11 Aug 2022 16:00:39 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/imFybLI23uIA/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/imFybLI23uIA/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>A Wall St sign hangs at the New York Stock Exchange (NYSE) at Wall Street on March 23, 2021 in New York City. - Wall Street stocks were under pressure early ahead of congressional testimony from Federal Reserve Chief Jerome Powell as US Treasury bond yields continued to retreat. (Photo by Angela Weiss / AFP) (Photo by ANGELA WEISS/AFP via Getty Images)</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[Latest Meme-Stock War Is Hedge Fund Versus Hedge Fund]]></title>
            <description><![CDATA[The latest spike has all the making of a short squeeze orchestrated by big investors, not a loose legion of lightweight day traders. ]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-08-10/bed-bath-beyond-gamestop-amc-spike-as-hedge-funds-drive-meme-stocks</link>
            <guid isPermaLink="true">https://www.bloomberg.com/opinion/articles/2022-08-10/bed-bath-beyond-gamestop-amc-spike-as-hedge-funds-drive-meme-stocks</guid>
            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Jared Dillian]]></dc:creator>
            <pubDate>Wed, 10 Aug 2022 12:30:39 GMT</pubDate>
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        </item>
        <item>
            <title><![CDATA[Crypto's Limp BlackRock Response Is a Clear Tell]]></title>
            <description><![CDATA[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.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-08-08/bitcoin-s-limp-response-to-blackrock-coinbase-deal-is-negative</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Jared Dillian]]></dc:creator>
            <pubDate>Mon, 08 Aug 2022 10:00:34 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ia85FqD1vfl0/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>A sign for Bitcoin outside a cryptocurrency automated teller machine (ATM) kiosk in Bucharest, Romania, on Tuesday, May 31, 2022. Cryptocurrencies re-established their tendency to trade in tandem with equities after divergence last week sparked concerns that investors would continue dumping digital tokens even amid a revival in demand for other risk assets.</media:description>
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        </item>
        <item>
            <title><![CDATA[Team Soft Landing Is Starting to Pull Ahead]]></title>
            <description><![CDATA[It’s starting to look as if the US economy might avoid a deep and painful recession as the Federal Reserve battles to bring down inflation.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-08-04/a-soft-landing-in-the-economy-is-starting-to-look-more-likely</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Jared Dillian]]></dc:creator>
            <pubDate>Thu, 04 Aug 2022 16:00:28 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i2L8Zuvp6xPI/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>WASHINGTON, DC - JANUARY 11: Jerome H. Powell, Chair of the Board of Governors of the Federal Reserve, speaks during a confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee on January 11, 2022 in Washington, DC. Powell has been nominated by President Joe Biden to serve a second term as Chair of the Federal Reserve. (Photo by Graeme Jennings-Pool/Getty Images)</media:description>
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        </item>
        <item>
            <title><![CDATA[Uber Embodies the Post-Covid Inflationary Economy]]></title>
            <description><![CDATA[The ride-sharing company is finally enjoying some pricing power, which may be the turning point investors have long waited for.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-08-02/uber-revenue-doubles-shares-surge-amidst-record-inflation</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Jared Dillian]]></dc:creator>
            <pubDate>Tue, 02 Aug 2022 19:21:13 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i5zkjv2x6DE0/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>CHICAGO, ILLINOIS - MAY 09: A traveller waits for an Uber rider at Midway International Airport on May 09, 2022 in Chicago, Illinois. Uber plans to cut spending and hiring in an attempt slow the company&apos;s plummeting stock price, which is down nearly 50 percent for the year. (Photo by Scott Olson/Getty Images)</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[Presidents Don’t Move Prices. So Why All the Tweets?]]></title>
            <description><![CDATA[For Biden it’s gasoline; for Trump it was stocks. Taking credit on social media for market swings will always backfire eventually.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-07-30/biden-doesn-t-control-gas-prices-just-as-trump-didn-t-move-stocks</link>
            <guid isPermaLink="true">https://www.bloomberg.com/opinion/articles/2022-07-30/biden-doesn-t-control-gas-prices-just-as-trump-didn-t-move-stocks</guid>
            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Jared Dillian]]></dc:creator>
            <pubDate>Sat, 30 Jul 2022 12:00:30 GMT</pubDate>
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                <media:description>US President Joe Biden speaks while meeting virtually with his economic team on lowering gas prices in the Eisenhower Executive Office Building in Washington, D.C., US, on Friday, July 22, 2022. US gasoline demand remains below where it was this time two years ago as historically high prices keep more drivers off the road than Covid-19 did in the summer of 2020.</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[Junior Bankers Deserve Their Bonuses. Really.]]></title>
            <description><![CDATA[Cutting payouts when inflation is already eroding their value will only hurt the morale of those lowest on the ladder. ]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-07-27/junior-wall-street-bankers-deserve-their-bonuses-really</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Jared Dillian]]></dc:creator>
            <pubDate>Wed, 27 Jul 2022 10:30:17 GMT</pubDate>
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        </item>
        <item>
            <title><![CDATA[The Dollar Bulls Are Looking Increasingly Like a Cult]]></title>
            <description><![CDATA[It’s hard to boil the $6.6 trillion foreign-exchange market down into a simple narrative. But that hasn’t stopped people from trying. ]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-07-19/the-dollar-bulls-are-becoming-more-cult-like</link>
            <guid isPermaLink="true">https://www.bloomberg.com/opinion/articles/2022-07-19/the-dollar-bulls-are-becoming-more-cult-like</guid>
            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Jared Dillian]]></dc:creator>
            <pubDate>Tue, 19 Jul 2022 10:00:06 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i72EO7RlNBeQ/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>This March 29, 2009 photo illustration shows George Washington on the front of the one dollar USD note in Washington, DC. AFP PHOTO/Karen BLEIER (Photo credit should read KAREN BLEIER/AFP via Getty Images)</media:description>
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        </item>
        <item>
            <title><![CDATA[Single-Stock Levered ETFs Are Financial Mutants]]></title>
            <description><![CDATA[The SEC has approved a product that is sure to increase volatility and benefit few investors. ]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-07-18/personal-finance-single-stock-levered-etfs-are-financial-mutants</link>
            <guid isPermaLink="true">https://www.bloomberg.com/opinion/articles/2022-07-18/personal-finance-single-stock-levered-etfs-are-financial-mutants</guid>
            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Jared Dillian]]></dc:creator>
            <pubDate>Mon, 18 Jul 2022 16:00:11 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iN2c1ZZogNBc/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>circa 1935: Promotional portrait of American comedian W.C. Fields (1880-1946) wearing a captain&apos;s hat and smoking a cigar between his teeth while steering a ship&apos;s wheel. (Photo by Hulton Archive/Getty Images)</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[Are We in a Recession Now? Just Look at Discount Retailers]]></title>
            <description><![CDATA[The shares of companies that operate so-called dollar stores have soared in one of the rare bright spots for markets. ]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-07-14/is-the-economy-already-in-a-recession-ask-the-discount-retailers</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Jared Dillian]]></dc:creator>
            <pubDate>Thu, 14 Jul 2022 16:00:25 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iUkxlLxyJ62w/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
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                <media:description>LOS ANGELES, CALIFORNIA - NOVEMBER 23: $1 items are displayed for sale in a Dollar Tree store on November 23, 2021 in Los Angeles, California. The company announced it will permanently increase prices from $1.00 to $1.25 on most of its items in a move it said was ‘not a reaction to short-term or transitory market conditions’. (Photo by Mario Tama/Getty Images)</media:description>
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        <item>
            <title><![CDATA[Americans Are Talking Themselves Into a Recession]]></title>
            <description><![CDATA[If not even one of the hottest job markets in history can cheer up consumers, then an economic downturn looks inevitable.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-07-11/americans-are-talking-themselves-into-a-recession</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Jared Dillian]]></dc:creator>
            <pubDate>Mon, 11 Jul 2022 11:00:06 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iUcbx1sPIJrM/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Empty tables stand at a restaurant in midtown on August 03, 2021 in New York. - Mayor Bill de Blasio has just announced &quot;first in the nation&quot; vaccine requirements. People will be required to show proof of vaccination for indoor dining, gyms, and entertainment venues beginning September 13. (Photo by Kena Betancur / AFP) (Photo by KENA BETANCUR/AFP via Getty Images)</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[The Redditors Should Know When They Are Conquered]]></title>
            <description><![CDATA[The more meme stock investors lose, the more strident they become.  ]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-07-06/meme-stocks-the-redditors-should-know-when-they-are-conquered</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Jared Dillian]]></dc:creator>
            <pubDate>Wed, 06 Jul 2022 10:00:04 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ifVT6TBqd1vs/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>FOX LAKE, IL - AUGUST 22: A dead end sign sits at the head of a flooded street August 22, 2007 in Fox Lake, Illinois. Midwestern states including Illinois, Wisconsin, Minnesota and Ohio have experienced flooding from two storms systems that have hit the area forcing people to evacuate and killing a reported 22 people. (Photo by Scott Olson/Getty Images)</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[California’s $17 Billion Rebate Plan Is Economic Illiteracy]]></title>
            <description><![CDATA[The last thing the US economy needs is more inflation, but the state’s bid to send checks to its citizens will only bolster prices. ]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-06-29/california-governor-gavin-newsom-s-rebate-plan-is-economic-illiteracy</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Jared Dillian]]></dc:creator>
            <pubDate>Wed, 29 Jun 2022 18:00:04 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/imBBrIGF5Gpg/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>California Governor Gavin Newsom speaks during a news conference in San Francisco, California on May 27, 2022. - California Gov. Gavin Newsom and New Zealand Prime Minister Jacinda Ardern developed a partnership to help address climate change. (Photo by JOSH EDELSON / AFP) (Photo by JOSH EDELSON/AFP via Getty Images)</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[Average Investors Should Try and Time Markets]]></title>
            <description><![CDATA[It doesn’t mean going all in or out but rather tweaking allocations in response to telltale signals. ]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-06-28/investors-should-absolutely-try-and-time-markets</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Jared Dillian]]></dc:creator>
            <pubDate>Tue, 28 Jun 2022 12:30:32 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/imrsqOu_vN5U/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>BERLIN, GERMANY - JANUARY 10: An alarm clock meant to symbolize the demand for workers to better determine their working hours stands near where workers from nearby Daimler and General Electric production plants were participating in a strike in demands for better pay and more flexible working conditions on January 10, 2018 in Berlin, Germany. The strike is part of dozens nationwide organized by the IG Metall labour union, which is pressing employers for a 6% increase in wages and the option of a limited, two-year 28 hour work week for workers in particular circumstances. Employers counter the demands would require them to hire at least 150,000 more workers at a time when the German manufacturing sector is already struggling to find qualified workers amidst low unemployment. IG Metall is the world&apos;s largest labour union and has 3.9 million members. (Photo by Sean Gallup/Getty Images)</media:description>
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