www.marketwatch.com 
www.zerohedge.com 
www.marketwatch.com 
www.marketwatch.com someone cashing out when it was high? someone or some entity cashing out; then they can take that $$ and put it back in (or not)In the filing, BCRED said that about 5% of the fund’s outstanding shares were tendered for redemption in the three months ending Nov. 30 and that BCRED “will be honoring 100% of this quarter’s shares tendered.” This implies withdrawal requests of about $1 billion in the period. BCRED said that it continued to see positive net flows in the quarter.
Blackstone’s Private Credit Fund Hits Redemption Limit
Blackstone Private Credit Fund saw 5% of its investor base seek redemptions this quarter and met all withdrawal requests
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www.marketwatch.com 
The blame for this fiasco should be laid square on the shoulders of Jerome Powell.... Jerome caved in to political pressure while making some really unbelievable statements and moves. Never doubt that one man will send the economy of the world down the toilet in order to save his own ass.
Being a motorcycle nut I am going to link a motorcycle video, but it talks about your comment.Big Business (in every sector) has filled their coffers using stock buy back, Government hand outs during the pandemic, schemes to fund Ukraine, back room Washington, DC deals and now are raising taxes / premiums....
"It's Just Business"
Another large insurer is leaving Louisiana. Here's what it means for policyholders.
About 36,000 homeowners with United Property & Casualty will not have their coverage renewed in 2023.www.theadvocate.com
you forgot fiduciary duty to maximize shareholder value so buy backs do that. If a company has too much cash on hand then it's IRR isn't going to be as good. not all buybacks are some conspiracy to fk people and get rich. It also doesn't hide a failing company
LOL
laugh all you want but a share buyback does exactly that, it's not even debatable. You guys can piss and moan all day about bankers but the reality is everything we touch we owe to wall street in one form or another.LOL
What is meant by the fiduciary duty?
Overview. When someone has a fiduciary duty to someone else, the person with the duty must act in a way that will benefit someone else, usually financially. The person who has a fiduciary duty is called the fiduciary, and the person to whom the duty is owed is called the principal or the beneficiary.
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Fiduciary duty went the way of "The Handshake deal" and the "Petrodollar"........
Those stock buy backs are another 90% / 10 % deal.......... The stock holders, if they are lucky, may get 10 %...
boardrooms are quarter to quarter so a 5 yr window is hardly fair. Cramer, a broken clock is right at leaset 2x a day!Five years ago, even Cramer nailed this stock buy back disaster........ BBBY on a 5 year chart.
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Jim Cramer: Bed Bath and Beyond Could Be Worst Buyback Ever
The worst buyback in history?realmoney.thestreet.com
I think what he is referring to is the interconnectedness of it all. The general condition of Wall Street is felt in the general economy and the savings of many which also impacts economic activity. IOW, the various financing activities on Wall Street directly impact the output, growth and jobs in the economy as few businesses can support growth without financing, at least not without an exceedingly long timeline and our standard of living would be negatively impacted without the exchanges and the services they offer, crooks notwithstanding.
www.lewrockwell.com that's actually not how it works. Companies with high cash reserves become takeover targets, are not maximizing assets, have low returns on capital/assets, and more. Share buybacks benefit shareholders which is the main driver for investment.
Name a few examples of the companies you are referring to.
www.foxbusiness.com 
www.foxbusiness.com this is good for shareholders, bad for America as that cash could go into investing in projects to obtain more energy resources. FJBExxonMobil will add $20 billion to its repurchase program to boost shareholder returns and increase annual dividends.
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How Do You Calculate Total Shareholder Return?
To calculate total shareholder return (TSR), first, subtract a stock's current price per share from the price originally paid for it. Then add the dollar amount of dividends received per share, along with any other special distributions or payouts (like from a stock buyback, for example). Divide this sum by the stock's purchase price per share. Multiply by 100 to arrive at a percentage figure for the TSR.
ExxonMobil expands share buyback to as much as $50B
ExxonMobil announces in corporate plan that will increase its share repurchase program to $50 billion while growing initiatives in lower-emission investments
Some have written 2023 off....
Get ready for a prolonged downturn that’s worse than 2000 or 2008, billionaire VC Doug Leone says
Sequoia Capital partner Doug Leone warned today's economic downturn was "more difficult and more challenging" than recessions in 2000 and 2008.www.cnbc.com
Connect both of these posts and this article. It's going to be like a ton of bricks for those that have their nose stuck in Facebook and the other distractions.Every dollar that the government spends must be paid for by the public, one way or another. There are two ways the government gets money from the public. One is honestly, through taxation, where it takes our money and then spends it. But the other way is dishonest. They just print money. They don’t tax us. They print money, and then they spend that into circulation. But when they do that, the price of everything we buy goes up. And so, instead of taking our money, they take our purchasing power. Every time you go to the supermarket and you’re paying a higher price, you’re paying a tax. Those higher prices are the cost of big government. And the more government spends, the higher prices are going to rise.”
You Think Inflation Is Bad Now? Wait Until Next Year! - LewRockwell
Peter Schiff recently appeared on Real America with Dan Ball to talk about the economy, energy prices, and inflation. Peter said if you think inflation was bad this year, wait until next year with a much weaker dollar. Dan set the interview up with a list of tech firms set to lay off employees...
markets.businessinsider.com Correct. The company isn't beholden to America per se, they are responsible to the shareholders. I don't know that an oil company is the best example given what they are currently up against with respect to the operating environment they find themselves in. Which direction do they go for further R&D? I don't have the answer that can disprove this buyback as a bad move.
www.zerohedge.com 
oilprice.com 
www.cnbc.com Jerome Powell is going to make the recovery "Long and Painful"............. No refunds or Vaseline.
Fed raises interest rates half a point to highest level in 15 years
The Federal Reserve raised its benchmark interest rate to the highest level in 15 years, indicating the fight against inflation is not over yet.
www.foxbusiness.com 
Inflation is the devaluation of the dollar.Jerome Powell is going to make the recovery "Long and Painful"............. No refunds or Vaseline.
Fed raises interest rates half a point to highest level in 15 years
The Federal Reserve raised its benchmark interest rate to the highest level in 15 years, indicating the fight against inflation is not over yet.
www.foxbusiness.com It's simple economics. But stooopidity is the new normal.US states raising minimum wage, with four above $15
Multiple states in the U.S. are raising their minimum hourly wages come January 2023, with four states across the West and East Coasts increasing to $15 or above.
www.marketwatch.com 
