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Old NEM MB
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Re: michael hudson ....Behind the Market Crash: The Smoke and Mirrors of Corporate Buybacks====corporations are coerced to hand out the profits to WallStreet.
If the profits are kept internally, WallStreet is unhappy. Thus the share-price is taken down low, WS loads up, and then the corporation announces sharebuybacks................at which point the shareprice is ramped up and that pile of profits is wasted on buybacks, handing those after-tax-profits....................to WallStreet. Just follow the money. Follow the money. tank |
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