Goldman Sachs: Stock buybacks to rescue the stock market

By Elizabeth MacDonald

Fears are growing that the U.S. is on the cusp of a recession, with possibly three straight quarters of S&P 500 corporate profit declines, four straight quarters of revenue declines, another bad print for the ISM manufacturing survey at 48.2, tepid construction spending, rising jobless claims, and a possible slowdown in personal consumer spending.”…

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