by goldsilver
Fed-fueled valuation madness. Cheap debt and deep tax cuts piped directly to corporations, who then use that money to buy their own expensive shares in huge buybacks while the same executives who put out press releases crowing about how cheap their stock is (hence the aggressive buyback) sell their personal shares into that same buyback.
They’re rigged markets, crony capitalism at its worse. David Morgan explains why it’s so dangerous and what the inevitable fallout will bring… nothing less than the end of the Anglo-American empire.