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It does the opposite. Buybacks send that money directly back into the economy to the shareholders that sold.
by smaryjerry 7y ago
It does the opposite. Buybacks send that money directly back into the economy to the shareholders that sold.
- madhadron 7y agoInto the economy, perhaps, but not generally into circulation. Most shares are held by institutional funds or the wealthy, which is about the least useful place to put money for stimulus.
- zentiggr 7y agoAnything that increases share values or enriches shareholders is going straight into the hands of the 1%, or the funds that hold huge percentages of the market. It's not going out to be respent.