The lesson that wasn’t learned in 2008, is that there wasn’t one Bernie Madoff, there is a society full of Bernie Madoffs. And most of them are in the Financial Services industry…
Record stock buybacks kept the casino levitated just long enough for insiders to cash out the tax cut.
Record stock buybacks kept the casino levitated just long enough for insiders to cash out the tax cut.
“They’re buying back from the front door, and shoveling shares out the back door”
“corporate executives authorized $436.6 billion of stock buybacks during the second quarter, according to TrimTabs. That nearly doubled the previous record of $242.1 billion, which was set during the first three months of 2018″
“Double up. We need to bid up this shit show long enough to get out”