US corporate capital expenditure growth hit a high of 13% in Sept 2017 and has decelerated ever since. It’s now growing at an anemic 2.5%, despite tax/regulation cuts. They spent $1.1trln in 2018 buybacks...
I'm home, only bad if done in lieu of productive investment or to manipulate stock price to optimize earnings of those with options.
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Corporate buybacks are better for investors than dividends for taxes. One can change that.
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Yes, better. Lower rate and deferred.
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These are public companies. They answer to shareholders who will ask what they plan to do with excess capital. If investing in the company is below ROI goal of investors, they return it to put to work elsewhere. Backbone of our system. You will have corrupt boards sure, but..
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Happy to be corrected. But what I see.
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