A new month.
Lets start with new issuance, buybacks & dividends:
Fairly self-explanatory. Lots of issuance (usually as Options exercise for CEO’s) and then the Company buys it all back. Dividends are also going up. How is this possible? Issuance of debt. Corporate debt is so cheap it actually makes sense to do this.
There is no increased production of goods & services, this is all just financial smoke & mirrors.
By sector:
Mr flippe-floppe-flye:
to be continued….
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