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Old 13th Nov 2018, 20:33
  #102 (permalink)  
V-Jet
 
Join Date: Jun 2011
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And then we have share buybacks which created the bonuses. Look at GE for share buyback results. In 2016, GE heavily bought back ($20b?) stock at around $30. Today, it's now under $8. A 70% loss. That's wasted $15b worth of shareholder value AND left the debt they bought the shares with - which around the world is becoming more expensive to fund. Earnings are going to drop because people have less money to spend as those rates rise as well. Sooner or later we will also have a recession to compound (or because) of those problems. Doesn't matter if you have $100m in the bank of course, and can walk away from the wreckage blaming red ties and muffin sales.
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