Corporate America gives out a record $1 trillion in stock buybacks

[OnlinePoker]

Corporate America celebrated the first full year under the new tax law by rolling out a record-setting $1 trillion of stock buybacks.

US companies, led by Lowe's (LOW) and AbbVie (ABBV), rewarded shareholders by unveiling $34.4 billion in buybacks last week, according to TrimTabs Investment Research. That lifted repurchase announcements above $1 trillion for the first time ever, TrimTabs said, exceeding the prior record of $781 billion set in 2015.

And the trend continued on Monday. Johnson & Johnson (JNJ), mired in a controversy over its iconic baby powder product, announced a $5 billion buyback. Boeing (BA) also ramped up its buyback program.

https://www.cnn.com/2018/12/17/investing/stock-buybacks-trillion-dollars/index.html

[IronLionZion]

1. Obama's strong economy/bull market was shot in the head and cut into Trump steaks

well done with ketchup. When the next recession comes, there won't be revenue to provide stimulus, and the Fed won't be able to help as much as last time. Be ready for austerity.

[econ 101]

2. Economics used to be called political economics

as politics deeply impacts the economy as a whole and the economy of individuals.
They were illegal until 1982, Thanks again Ronnie! They waste a lot of capital to enrich a few elite,s mostly those who pay is "earned" in stock. If there is a benefit to society as a whole, well please explain how.

[Yo_Mama_Been_Loggin]

3. They spent all that money only to see value go down

They must be Trump U grads.