Thursday, June 23, 2016
Record Number of Idiots. 0% Survival.
Only record stock buybacks keep this entire Ponzi scheme intact and only barely...
Now, the only thing keeping their profits up are mass layoffs to fund stock buybacks. A smoke and mirrors strategy that has ever waning efficacy...
"During the March 2015 to March 2016 period, U.S. companies spent a record $589.4 billion in share repurchases, according to figures released Wednesday by S&P Dow Jones Indices. That eclipsed the previous record of $589.1 billion set during the market peak in 2007."
"It was all going great for me, fuck everyone else. But then it all imploded totally unexpectedly. Not one self-absorbed jackass saw it coming..."
Posted by Mac10 at 12:30 PM