Re: The shock doctrine
On Sep 16, 2007, at 10:21 AM, Shane Mage wrote:
Whenever, in the past, there were plentiful profitable investment
arenas, corporations didn’t waste their investible capital on stock buy-backs. Still less did they go into debt to do so.
Going into debt to fund buybacks suggests that it’s not an absence of
investment opportunities that’s driving the phenomenon - it’s the
shareholders demanding it.
Doug