The Real Dip Buyer's In Trouble---Corporate America Facing Spiraling Debt Costs

Corporations are not particularly price sensitive -- buybacks tend to rise with the market -- but they do try over short periods to buy at the lowest average price. So in a long bull market, like the one we are in now, corporations tend to step in to buy whenever there is a dip, which is what happened last week. Goldman Sachs, for one, said that its unit that executes share buybacks received a surge of orders last week.

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.