Josh Sigurdson talks with author and economic analyst John Sneisen about the absurdity of share buybacks overall as the stock market is artificially inflated and prolonged.
It is a common practice to see companies buy back their own shares and prop themselves up to falsely make their company look good. The fact is, it simply puts off the inevitable end to the bubble and as a matter of fact, it makes the bubble burst all the worse. The dominoes will fall, but first the central planners will attempt to push off the inevitable by doing the very thing that is creating the bubble in the first place. This is the perpetual nature of all central planning and control. It’s problem, reaction, solution repeat for eternity. While the paradigm eventually meets its end, it’s important that people understand the problem and do what they can as free individuals to ensure their own prevalence long term.
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