[topmonk]

Why does everyone ignore the second part of my point? Corporations are going into record debt to do this. It is one thing to pay back shareholders by a dividend or buyback or whatever, if the company has extra profits, but it is quite another to borrow money to do it.

That works for now, but as soon as those interest rates tick up...

[buttcoinslol]

Money is extremely cheap to borrow, and companies have decided the interest rate risk is lower than the short-term share price gains from borrowing money to do buybacks. Perhaps current management assumes they won't be the ones left holding the bag.

I agree with you, when rates go up a large amount of zombie companies being held up by cheap money are going to go bankrupt, and it will have large ripple effects.