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user-inactivated · 3123 days ago · link · · parent · post: Doug Kass: A Case For Sitting On Cash In 2016
What they've done instead is buy back their own shares. This is corporations effectively inflating their own stock price which is a whole 'nuther discussion, but one in which it does make sense to be skeptical of investment possibilities. So this whole tactic has allowed companies to lie about their real world value?The argument of the article is basically "our bull market can't continue" without noticing that "our bull market" has been flat since 2014. The argument is basically that because money has cost essentially nothing to lend or borrow, making money by lending money has become impossible and the risk of borrowing money has dropped to nothing therefore something something ball of flame.