Look what’s happening with Commercial and Industrial Loans. They are soaring at an 11% rate.But that money is not going toward investment in the expansion of business. Too much of it is being used for financial engineering, as corporate executives use the finds to buy back their stock options, thus lining their own pockets while artificially boosting stock prices.This will ultimately end badly, but the question is whether it will be successful in extending the current regeneration of the bubble in equities by another year or two.
Source: QE by NIRPitrage Working as Corporate Executives Run History’s Biggest Theft
