Buybacks will remain the key source of equity inflow in 2016
We already know that in a world of declining cash flows, the primary source of funds to facilitated this behavior was debt issuance.
In fact, as SocGen showed in a stunning chart last year, the only reason for the increase of net debt in the 21st century has been to fund buybacks.
Zerohedge 15 April 2016
In fact, as SocGen showed in a stunning chart last year, the only reason for the increase of net debt in the 21st century has been to fund buybacks.
Zerohedge 15 April 2016
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