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1792 Days ago
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1792 Days

https://www.zerohedge.com/markets/finance-professors-buybacks-done-open-market-repurchases-should-be-banned

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BigP  1792 Days
The root cause of this concern is the trillions of dollars that major U.S. corporations have spent on open-market repurchases — aka “stock buybacks” — since the financial crisis a decade ago. In 2018 alone, with corporate profits bolstered by the Tax Cuts and Jobs Act of 2017, companies in the S&P 500 Index did a combined $806 billion in buybacks, about $200 billion more than the previous record set in 2007. The $370 billion in repurchases which these companies did in the first half of 2019 is on pace for total annual buybacks that are second only to 2018. 

When companies do these buybacks, they deprive themselves of the liquidity that might help them cope when sales and profits decline in an economic downturn.
BigP  1792 Days
With the majority of their compensation coming from stock options and stock awards, senior corporate executives have used open-market repurchases to manipulate their companies’ stock prices to their own benefit and that of others who are in the business of timing the buying and selling of publicly listed shares. Buybacks enrich these opportunistic share sellers — investment bankers and hedge-fund managers as well as senior corporate executives — at the expense of employees, as well as continuing shareholders.

 In contrast to buybacks, dividends provide a yield to all shareholders for, as the name says, holding shares

1854 Days

https://news.yahoo.com/global-debt-surges-record-high-188-tn-imf-142925892.html

Global debt surges to record high $188 tn: IMF chief
https://news.yahoo.com/global-debt-surges-record-high-188-tn-imf-142925892.html

The global debt load has surged to a new all-time record equivalent to more than double the world's economic output, IMF chief Kristalina Georgieva warned Thursday. "Global debt -- both public and private -- has reached an all-time high of $188 trillion. This amounts to about 230 percent of



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1855 Days

https://www.bnnbloomberg.ca/ray-dalio-says-the-world-has-gone-mad-with-so-much-free-money-1.1343481

Ray Dalio says the 'world has gone mad' with so much free money - BNN Bloomberg
https://www.bnnbloomberg.ca/ray-dalio-says-the-world-has-gone-mad-with-so-much-free-money-1.1343481

Ray Dalio didn’t mince words in a post on LinkedIn about the paradox of free money in the global economy he titled “The World Has Gone Mad and the System Is Broken.”



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1908 Days

https://www.zerohedge.com/geopolitical/massive-fire-after-drone-strike-hits-worlds-largest-oil-processing-facility-saudi

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BigP  1908 Days
Saudi Arabia is shutting down about half of its oil output after apparently coordinated drone strikes hit Saudi production facilities, people familiar with the matter said, in what Yemen’s Houthi rebels described as one of their largest-ever attacks inside the kingdom.
The production shutdown amounts to a loss of about five million barrels a day, the people said, roughly 5% of the world’s daily production of crude oil. The kingdom produces 9.8 million barrels a day.