ETFs To The Rescue!

ETFs To The Rescue!

For years, the main source of demand for US equities has emanated from corporate management teams. It was a simple, yet highly effective scheme. The hunt for yield occasioned by central banks driving risk free rates into the ground (and below) created insatiable demand for corporate debt. Management obliged. After all, why not borrow when rates are low and demand is high? Proceeds from that debt were funneled into EPS-inflating buybacks. That drove stocks higher, which in turn was great for man
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