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Keiser Report: Share Buybacks + Austerity = Economic Disaster (E1304)

Summary:
The stock buy back con. Did economists ever believe that it would be profitable to shrink companies and under invest? Lots of people would like to start companies and see them grow, but why not just asset strip a company instead and make easy money? But the ruling elite dummy like it when Chinese companies zoom ahead because they invest in themselves. [embedded content] In the second half but Max Keiser and Ross Ashcroft make a convincing argument about why Britain should have stayed in the EU. They say that British people will be driven into poverty by leaving.  In this episode of the Keiser Report, Max and Stacy discuss the share buybacks failing to boost stock markets but succeeding in hollowing out wealth creation machine of capitalism. In the second half, Max interviews Ross

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The stock buy back con. Did economists ever believe that it would be profitable to shrink companies and under invest? Lots of people would like to start companies and see them grow, but why not just asset strip a company instead and make easy money? But the ruling elite dummy like it when Chinese companies zoom ahead because they invest in themselves.


In the second half but Max Keiser and Ross Ashcroft make a convincing argument about why Britain should have stayed in the EU. They say that British people will be driven into poverty by leaving. 

In this episode of the Keiser Report, Max and Stacy discuss the share buybacks failing to boost stock markets but succeeding in hollowing out wealth creation machine of capitalism. In the second half, Max interviews Ross Ashcroft of RenegadeInc.com about the austerity policies in the UK which have inspired the UN human rights rapporteur to visit. They also discuss the Brexit plan without a plan.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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