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Sunday, February 24, 2019
24/2/19: Buybacks vs Capex
U.S. corporates spending or 'investing' over the last 10 years:
CapEx ($6.4T), including often non-productive M&As
Buybacks ($4.9T) and
Dividends ($3.4T)
via @mbarna6
Just another reminder why productivity growth is not being aided by cheap credit.
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