The danger of the share-buyback epidemic

By Paul Sweeney

“The news that US companies will buy back over one Trillion dollars – that is $1,000,000,000,000 – worth of their own shares in 2015 is a warning of possible bad times.

When companies buy back their own shares instead of investing their money in the future, in jobs in plant and machinery, it means lower future growth for the company but also for the economy, especially when so many of them are doing it together.”…

[Click HERE to read the full article]