It Does Not Matter that Buybacks Have Driven the Stock Market
policytensor.substack.com
A couple of weeks ago, Adam Tooze tweeted a Deutsche Bank Global Research piece that argued that the stock market rally has been driven by share buybacks. The upshot was that the stock market rally was hollow; an artifact of companies pumping their own stock.
It Does Not Matter that Buybacks Have Driven the Stock Market
It Does Not Matter that Buybacks Have Driven…
It Does Not Matter that Buybacks Have Driven the Stock Market
A couple of weeks ago, Adam Tooze tweeted a Deutsche Bank Global Research piece that argued that the stock market rally has been driven by share buybacks. The upshot was that the stock market rally was hollow; an artifact of companies pumping their own stock.