Stock buybacks prepare for the bear market

By S. L. Mintz

After retiring $2 trillion in the past five years, the record flow of stock buybacks faces new resistance. In fact, skeptical voices are being heard even from firms with maximum Wall Street credentials, such as BlackRock and Goldman Sachs. These firms have joined labor unions, think tanks, academics and candidates, both left and right, in questioning the economic efficacy of share buybacks in the current environment.”…

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