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A ZH reader=Share buybacks were found to be a cause of the 1929 crash and made illegal in the 1930s.

Posted by Richard640 @ 9:57 on September 20, 2020  
As a CEO, I can use the company’s money to do share buybacks, to boost the share price; get my bonus and top dollar for my shares.
What is there not to like?
Share buybacks were found to be a cause of the 1929 crash and made illegal in the 1930s.

 

What lifted US stocks to 1929 levels in 1929?
Margin lending and share buybacks.
What lifted US stocks to 1929 levels in 2019?
Margin lending and share buybacks.
A former US congressman has been looking at the data.
https://www.youtube.com/watch?v=7zu3SgXx3q4

 

Milton Freidman rehashed 1920s economics and managed to pass it off as something new.
He didn’t fix any of its major problems.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.