It's Happening Again
Quote from Ndubuisi Ekekwe on March 18, 2020, 12:36 PMSome will shout that it is privatizing success, but socializing pains. Yet, we need to understand that this time is different! But no matter how you see it, it is part of the system. Yes, "since August of 2017, America’s big cap companies have repurchased a staggering $1.25 trillion in shares. Was that a smart use of their money? Well, it doesn’t look like it right now, with the market having lost all its gains since then. Particularly troubling are the big buybacks by the airlines, who, having given back all their cash, are now looking for a government bailout". Fortune.
Some will shout that it is privatizing success, but socializing pains. Yet, we need to understand that this time is different! But no matter how you see it, it is part of the system. Yes, "since August of 2017, America’s big cap companies have repurchased a staggering $1.25 trillion in shares. Was that a smart use of their money? Well, it doesn’t look like it right now, with the market having lost all its gains since then. Particularly troubling are the big buybacks by the airlines, who, having given back all their cash, are now looking for a government bailout". Fortune.
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