Corporate America and Wall Street just can’t seem to lose no matter what they do. A decades long buying spree of their own stock with share buybacks to artificially increase their share price, thus increasing executive compensation was the thing the cool kids were doing. This of course was done at the expense of capex and R&D, but who cares about the future when you can make so much money today? This shopping spree was financed by none other than the Federal Reserve with their fraudulent and immoral policy of quantitative easing, which is still ongoing. But now with the backdrop of the pandemic, and with much of corporate America squandering its resources on share buybacks, thus not having ample cash on the balance sheet to weather a storm (pandemic), they then cry to mommy and daddy government and Fed, to bail them out – and that’s exactly what’s happening. Now, fast forward several months to today, where Apple and Tesla recently announced 4 to 1 and 5 to 1 stocks splits respectively, and lo and behold, the day these splits take effect, Apple is up over 3% and Tesla over 12%. Can you say bubble insanity? Look out below. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Apple #Tesla #BananaRepublic #EndTheFed #Inflation #Gold #Silver #Debt #Recession #Depression #Protests
