Fair point! I'm not an economist by training, just a hobby/armchair economist :).
That said, this economist that some HN'er recommended seems to think earnings are strong and much of the buyback is funded by repatriated money if I understand him correctly.
That said, this economist that some HN'er recommended seems to think earnings are strong and much of the buyback is funded by repatriated money if I understand him correctly.
http://blog.yardeni.com/2018/06/buyback-bonanza.html